Invoice Factoring Glossary by Alpha
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Bad Credit
Bad Credit is a term used to describe someone who is considered a "high risk" to lenders and other finance companies such as factors.

Bad Debt
Any debt that is delinquent and has been written off as uncollectible.

Balance Sheet
A financial statement that shows a business' assets, liabilities and owner's equity at certain point in time.

Bankruptcy
A state of insolvency of an individual or organization. The inability to pay debts.

Bill of Exchange
An instrument similar to a time or sight draft which the buyer signs. This is acknowledgement of debt for the goods he is buying.

Bill of Lading
A shipping document which gives instructions to the company transporting the goods.

Bill of Sale
A document used to transfer the title of certain goods from seller to buyer.

Blanket Assignment
A legal transfer of ownership of all accounts receivable, both present and future as collateral for funding.

Break-Even Point
The degree of operation where costs equal revenue.

Broker
An individual who pairs clients in need of cash with appropriate financial entities including factors.