Difference between revisions of "Advance Against Receivables"
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Latest revision as of 23:02, 10 February 2020
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.
