Fakturabelåningskredit
English translation: invoice discounting advances
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| 12:00 Jun 15, 2010 |
| Swedish to English translations [PRO] Bus/Financial - Finance (general) / accounts | |||||||
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|  Selected response from: Peter Linton (X) Local time: 14:16 | ||||||
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| 4 +1 | invoice discounting credit |
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| 3 | Mortgage credit account |
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| 2 -1 | factoring |
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Answers
17 mins confidence: 
Mortgage credit account Explanation: .. |
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1 hr confidence: peer agreement (net): +1
peer agreement (net): +1invoice discounting credit Explanation: Fakturabelåning is what is known in the UK as "invoice discounting"; similar to factoring (see ref). How "credit" fits in I am not sure, but it sounds as if the customer is being credited with an amount as part of an invoice discounting arrangement with a bank or similar. And that needs to be reported in the accounts. Reference: http://en.wikipedia.org/wiki/Factoring_%28finance%29 |
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1 hr confidence: peer agreement (net): -1
peer agreement (net): -1factoring Explanation: Från Gullberg: kredit vid fakturabelåning factoring -------------------------------------------------- Note added at 1 hr (2010-06-15 13:50:36 GMT) -------------------------------------------------- Från Wikipedia: Title: Factoring (finance) Text: Factoring is a financial transaction whereby a business sells its accounts receivable (i.e., invoices) to a third party (called a factor) at a discount in exchange for immediate money with which to finance continued business. Factoring differs from a bank loan in three main ways. First, the emphasis is on the value of the receivables (essentially a financial asset)[1], not the firm’s credit worthiness. Secondly, factoring is not a loan – it is the purchase of a financial asset (the receivable). Finally, a bank loan involves two parties whereas factoring involves three. Link: http://en.wikipedia.org/wiki/Factoring_(finance) |
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