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Invoice factoring is a financial transaction where a business sells its accounts receivable (invoices) to a third party (called a factor) at a discount. This allows the business to get immediate cash flow instead of waiting for their customers to pay the invoices.
Invoice factoring can be a useful tool for businesses that need to improve their cash flow quickly. However, it comes at a cost - the discount rate charged by the factor - and it might signal to customers that the company is in a weak financial position.
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