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YORK STATE HOUSING FINANCE AGENCY ("PARTY B"), a body corporate and politic of the State ofNewYorkconstituting a public benefit corporation of the State of New York Part 1. Termination Provisions. (a) ..Specified Entity" means in relation to Party A for the purpose of: Section 5(a)(v) (Default under Specified Transaction), Not Applicable. Section 5(a)(vi) (Cross Default), Not Applicable. Section 5(a)(vii) (Bankruptcy), Not Applicable. Section 5(b)(ii)(Credit Event Upon Merger), Not Applicabl.

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A receivable is created any time money is owed to a business for services rendered or products provided that have not yet been paid for. For example, when a business buys office supplies, and doesn't pay in advance or on delivery, the money it owes becomes a receivable until it's been received by the seller.

Receivables can be classified into accounts/trade receivable, notes receivable, and other receivables.

Receivables are sold to invoice factoring companies. These companies buy accounts receivable to help business owners improve cash flow, particularly small business owners who might not be able to qualify for a traditional business loan.

A/R financing provides you a pool of funds to borrow against your invoices, while factoring is the process of selling an invoice, receiving a cash advance, and ultimately paying a small fee on each individual invoice once your customer pays and the remaining value of the invoice is funded to your business.

Hire Purchase Receivables refers to the outstanding amount of receivables from hire-purchase facilities usually granted to firms and individuals for the purchase of capital assets, particularly motor vehicles, machinery and equipment and consumer durables.

A receivable purchase agreement is a contract between a seller and a financial institution that allows the seller to sell unpaid invoices from buyers to the financial institution. This means that the seller can enable cash flow until payment is received from the buyer.

Purchase of Accounts Receivable refers to the bank buying the creditor's rights in accounts receivable possessed by the seller (creditor) against the buyer (debtor) under the commercial contract while maintaining the recourse to the debtor. The bank may have the right of recourse to the creditor or not.

It's a financing agreement where we purchase a percentage of your future revenue. In exchange, you receive a lump sum of funds. Think of it as a cash advance on your business's future revenue.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232