FACTOR KING® was established with a few simple goals in mind- combine "Old World Factoring" with "New Age Thinking". Our Mission to provide crucial funding to small and middle tier companies that may or may not have access to adequate bank financing is responsible for our success. Through our leverage of various technologies our systems and procedures provides fast and accurate factoring, simple order processing, and ease of use allowing our clients to focus on building their core business. Client growth is how we measure our own success. Become part of FACTOR KING® today!!

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Glossary

Factoring Terms

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FACTORING TERMS

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There are currently 7 Factoring Terms in this directory beginning with the letter N.
N
Negative Cash Flow
Negative Cash Flow refers to a situation where income is less than expenses. Prolonged negative cash flow can lead to the failure of a business.
Non Notification
Non-Notification is an aspect of confidential factoring where the customers are not notified of the client's arrangement with the factor.
Non Recourse Factoring
Non-Recourse is a type of factoring where the factor assumes complete responsibility for collection of debt. If the debt is not collected due to the financial inability of the customer, the factor assumes the loss.
Non-Notification
In this type of factoring, the customer or account debtor is unaware of the factor purchasing the client invoice. They are however, directed to make payment to a lock box controlled by the factor. Any contact that the factor makes is made under the client company name.
Note
This is a written promise to pay a named amount to a particular company or business by a certain date.
Notice of Pre-Lien
A document notifying the owner of real property that materials or services are being furnished to his real property, putting him on notice that the one sending it will look to have a lien against the real property if those materials or services are not paid for.
Notification
Notification is a process whereby the factor lets an account debtor know that an invoice has been purchased from the client and that the debtor is to pay the factor directly.
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