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Factoring is an arrangement wherein the organization can convert its debtors, into realization of an upfront cash by delegating the work of collection from the debtors to an outside party or selling the debtor invoice to a third party financier in return of a fee. · Factoring with Recourse - In case of non-payment of the invoice value by the debtors, the Factoring company can collect the invoice value from the client. So the risk of non-payment by debtor falls on the client itself. · Factoring without Recourse - In case of non-payment of the invoice value by the debtors, the Factoring company cannot collect the invoice value from the client. So the risk of non-payment by debtor falls on the factor and not the client.
Which organization is partnering with the National Highways Authority of India (NHAI) to enhance road safety using artificial intelligence?
Google has launched its ‘Street View Service’ for the users to explore an area through 360-degree panoramic street-level images, it is launched in h...
To supply 150 MW Green Energy from a newly established solar site in Bikaner, Rajasthan the ReNew Power has signed an agreement with which of the follow...
Which planet is known as the 'Red Planet' due to its iron oxide-rich rocks?
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Recently Birju Sah passed away at the age of 48, he was related to which of these sports?
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What is the famous craft of Varanasi?
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