Notice of Assignment: A Step in the Factoring Process
In order to understand the notice of assignment’s (NOA) both concept and procedure, it is crucial to first understand what does invoice factoring mean. As well as how does it work. Invoice factoring also referred to as Accounts Receivable (AR) factoring. This is a type of debtor finance that grants you funding based on your invoices. It is a financial transaction between a factoring company and your business inducing that you agree to sell your AR to your factor at a discount. Once the agreement is set, your factoring company will provide...
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