Advance Against Receivables

From Open Risk Manual
Revision as of 23:02, 10 February 2020 by Wiki admin (talk | contribs) (Initial Entry)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)

Definition

Advance Against Receivables. It is a financial  instrument for procurement finance made available to a party involved in a value network on the expectation of repayment from funds generated from current or future trade receivables. It is normally made against the security of such receivables. It may be also unsecured.

Retrieved from "https://www.openriskmanual.org/wiki/index.php?title=Advance_Against_Receivables&oldid=12931"
  • Creative Commons Attribution-NonCommercial-ShareAlike
  • Powered by MediaWiki
  • Powered by Semantic MediaWiki