Net Advance Amount: Net Advance Amount refers to the remaining sum of money wired to a merchant after deducting certain expenses from the gross funding amount. The calculation involves subtracting closing costs, refi withholding, and...
Non-Recourse Factoring: Non-recourse factoring is one of two options offered to businesses when seeking invoice factoring solutions. Invoice factoring is where a business may sell all or some of their outstanding invoices to a...
Notice of Assignment: In the alternative financing industry, a notice of assignment is a legal document that is used to inform a debtor that their debt has been sold or transferred to a new creditor....
