notification definition

notification definition

Glossary: notification

Notification is a process whereby the factor lets an account debtor know that an invoice has been purchased from the client and that the debtor is to pay the factor directly.

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Business Consulting

Definition: notification

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: notification - 2004 HJ Ventures International, Inc.