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Question
The intermediary between the customers and suppliers who perform financing and debt collection services is called a ________.
The intermediary between the customers and suppliers who perform financing and debt collection services is called a ________.
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Solution
The correct option is B Factor
Factoring is a financial service under which the factor undertakes collection, accounting and management of the client's debt. Thus the factor is an intermediary between the supplier and the customers who performs financing and debt collection services.
Factoring is a financial service under which the factor undertakes collection, accounting and management of the client's debt. Thus the factor is an intermediary between the supplier and the customers who performs financing and debt collection services.
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