factoring
What factoring means in Business A-Level, as defined for AQA.
Definition of factoring
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Read the wording for your board, then hide it and explain factoring in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
A short-term source that turns invoices into cash straight away.
Topics that use factoring
- Making financial decisions: sources of finance (AQA A-Level)
Related terms
Using factoring in the exam
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