Difference between revisions of "Advances on Debtors Outstanding"
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Latest revision as of 23:02, 10 February 2020
Definition
Advances on Debtors Outstanding. They are funds advanced by a factor or a receivable financier (prepayments) to an assignor against debtor balances. It is also referred to as a current account, utilization, or drawing. This is the actual currency advance at a certain moment in time.
