debt factoring
noun[U]
ukusFINANCE
afinancialarrangementin which afactoringcompanytakesresponsibilityforcollectingmoneyrelatingto a business'sinvoices, andimmediatelypaysthatbusinesspartof thetotalamountowedon theinvoices:
Debtfactoringis apowerfultoolthatbusinessescan use toimprovecashflow.