Concept information
Preferred term
factoring of accounts receivable
Definition
- An account receivable is money that is owed to the business but hasn't yet been paid. For example, when a patient is billed for an insurance copayment of $50, an account receivable of $50 is created. [Source: Encyclopedia of Health Care Management; Factoring of Accounts Receivable]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/factoring_of_accounts_receivable
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