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Factoring is a type of finance in which a business would sell its accounts receivable (invoices) to a third party to meet its short-term liquidity needs. Under the transaction between both parties, the factor would pay the amount due on the invoices minus its commission or fees.
The terms ‘invoice discounting’ or ‘bills discounting’ or ‘purchase of bills’ are all same. Invoice discounting is a source of working capital finance for the seller of goods on credit. Bill discounting is an arrangement whereby the seller recovers an amount of sales bill from the financial intermediaries before it is due. Such intermediaries charge a fee for the service.
A civil court can not issue commission in the following case :
Promises which form the consideration or part of the consideration for each other, are called:
As laid down under the Constitution of India _____________ Article empowers the High Courts to issue writs for the enforcement of Fundamental Rights?
The doctrine of “Res Gestae” is incorporated under which section of the Indian Evidence Act, 1872?
In the absence of any provision by contract between the partners for the duration or determination of their partnership, what type of partnership is it?
According to Article 38(2) of the International Court of Justice (ICJ) Statute, what does the provision state regarding the power of the Court to decid...
Which of the following statements is true about Red herring prospectus?
The International Criminal Court (ICC) has jurisdiction over individuals charged with___________________
What is the composition of the Taluk Legal Services Committee under the Legal Services Authority Act?
The President shall be ________