account debtor definition

account debtor definition

Glossary: account debtor

Account Debtor is a person, business or organization responsible for paying an invoice. In the case of factoring, the account debtor is the customer whose name is on the invoice sold to the factor.

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Definition: account debtor

Factoring provides cash to your business with no time delay from issuing invoices as well as sales ledger and collection services.

Accounts Receivables Financing (Factoring): The invoices you issue upon a sale are sent to the factor who typically advances up to 80 to 90% of the invoice amount to you.

Factoring Glossary - Define: account debtor - 2004 HJ Ventures International, Inc.