Factoring is a trade debt term used when the agent buys all the trade debts of the
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Correct Answer: Option B
Explanation:
Factoring is a financial arrangement in which a factor purchases or takes over the trade debts of a business, particularly the debts arising from sales made on credit. In international trade, an exporter can transfer its trade debts to a factor in exchange for finance and related services.
Factoring is a financial arrangement in which a factor purchases or takes over the trade debts of a business, particularly the debts arising from sales made on credit. In international trade, an exporter can transfer its trade debts to a factor in exchange for finance and related services.