A(n) _____ makes a profit by purchasing the receivables of a firm at a discount and collecting the full amount from the firm's customers.
A) angel investor
B) venture capitalist
C) factor
D) covenant

Question

Quizplus · Accepted Answer

A factor is a financial intermediary that purchases receivables from a company at a discount and then collects the full amount from the company's customers, making a profit from the difference.

A(n) _____ Makes a Profit by Purchasing the Receivables of a Firm