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Invoice Factoring Glossary by Alpha
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Schedule of Accounts
Report give by the client to the factor. The report lists information about the account of each of the client's customers.
Security
The property pledged as collateral in a factoring transaction.
Sole Proprietor
A form of doing business that is not a legal, taxable entity separate from the individual who owns the proprietorship.
Stakeholder
Someone other than a stockholder or creditor who may have a claim on the cash flow of a company.
Subordinate
To assign one's collateral position, whether in full or in part, to another to exchange one's security interest over another.
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