Banking Awareness Test for IBPS, RBI, SBI, NABARD & other Bank Examinations

Q.  Factoring Business is also known as by which of the following names?

a. Accounts Receivable Factoring
b. Asset Based Lending
c. Invoice Factoring
d. All of the Above


ANSWER: See Answer
 
Factoring is commonly referred to as accounts receivable factoring, invoice factoring, and sometimes accounts receivable financing. Accounts receivable financing is a term more accurately used to describe a form of asset based lending against accounts receivable.
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