The amount earned by a factor on each invoice purchased. It is based on the period of time the invoice remains outstanding (unpaid) and is set forth and agreed upon by both parties in the Discount Schedule.
Other terms explained in the Business Loans Glossary
Business Loans Glossary: Discount Fee
Business Loans Glossary: Discount Fee
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Article Id: 69 - Version: 3 - Created: 25-02-2008 - Last Updated: 26-03-2008 - Hits: 295
Categories: Glossary
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