Form Assignment Accounts Receivable With Credit Card In Broward

State:
Multi-State
County:
Broward
Control #:
US-00037DR
Format:
Word; 
Rich Text
Instant download

Description

A factor is a person who sells goods for a commission. A factor takes possession of goods of another and usually sells them in his/her own name. A factor differs from a broker in that a broker normally doesn't take possession of the goods. A factor may be a financier who lends money in return for an assignment of accounts receivable (A/R) or other security.

Many times factoring is used when a manufacturing company has a large A/R on the books that would represent the entire profits for the company for the year. That particular A/R might not get paid prior to year end from a client that has no money. That means the manufacturing company will have no profit for the year unless they can figure out a way to collect the A/R.

This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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FAQ

Credit card receivables credit card receivables our credit card payments pending to a business forMoreCredit card receivables credit card receivables our credit card payments pending to a business for previously sold products or services. Any business that takes credit card payments has credit card

Merchant Card Receivables: Amounts owed by banking companies for sales of goods, services, and/or special functions from credit companies. This account will be used for all credit card sales regardless of the credit card company involved.

The credit card receivable contains amount owed from the customers based on credit-card purchases.

You may assign an authorized representative to receive the card on your behalf in case you will not be around to receive the card upon delivery. Kindly accomplish the Card Delivery Authorization Form (CDAF) below.

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Form Assignment Accounts Receivable With Credit Card In Broward