Factoring accounts receivable is a relatively inexpensive source of unsecured short-term funds that allows firms to turn accounts receivable immediately into cash.

Name: Factoring accounts receivable is a relatively inexpensive source of unsecured short-term funds that allows firms to turn accounts receivable immediately into cash.
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Factoring accounts receivable can be expensive due to the fees and interest charged by the factoring company, making it a costly source of short-term funds.

Factoring Accounts Receivable Is a Relatively Inexpensive Source of Unsecured