advance definition

advance definition

Glossary: advance

Advance is the percentage of an invoice's face value which a factor pays upon its purchase.


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Business Consulting

Definition: advance

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 service is disclosed to your customer who typically receives a letter from the factor, or attached note to your invoice, containing payment instructions to the factor.

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