Factoring Agreement General Format In Chicago

State:
Multi-State
City:
Chicago
Control #:
US-00037DR
Format:
Word; 
Rich Text
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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

"In publications using traditional state abbreviations, use periods to abbreviate United States and its states and territories: U.S., N.Y., Ill. Note, however, that Chicago recommends using the two-letter postal codes (and therefore US) wherever abbreviations are used."

In general, Chicago-style citations use either an author-date format or numbered notes and a bibliography. Here is an example of an author-date citation, as it would appear in the text of an essay citing a book: The primary cheeses used in Chicago-style pizza are mozzarella, Parmesan, and Romano (Bruno 1983, 4).

Chicago Style Format for Papers | Requirements & Examples Use a standard font like 12 pt. Times New Roman. Double-space the text. Use 1 inch margins or larger. Indent new paragraphs by ½ inch. Place page numbers in the top right or bottom center.

Common Citation Format Title of Book: Subtitle of Book. Place of Publication: Publisher's Name, Date of Publication. Article: Author's Last Name, Author's First Name. “Title of Article: Subtitle of Article.” Title of Journal Volume Number, Issue Number (Date of Publication): YY-YY.

The Chicago manual style with the documentation of the Author-Date system is known as the Chicago APA style. It is mostly used in the disciplines of social sciences and natural sciences.

The following rules should be adhered to: Start Reference list on new page. Type the word References at the top, centered on line. Set first line of the reference at left margin, indent all lines underneath in hanging indentation format. Alphabetize by the author's last name (surname)

Double-space all text and indent all paragraphs. Your paper should also have 1-inch margins on all sides and a page number in the upper right corner (except for the title page). Clicking Indentation options will bring up a formatting box. 1) Under the Special indent drop- down menu, select First Line.

Here are the basic guidelines for Chicago Style: Include your name, your instructor's name, the course, and the date in the upper left-hand corner of the first page. Double-space the text. 12 point font, Times New Roman is recommended. Page numbers in the header of the first page (not title page, first page of paper)

A factoring relationship involves three parties: (i) a buyer, who is a person or a commercial enterprise to whom the services are supplied on credit, (ii) a seller, who is a commercial enterprise which supplies the services on credit and avails the factoring arrangements, and (iii) a factor, which is a financial ...

FACTORING IN A CONTINUING AGREEMENT - It is an arrangement where a financing entity purchases all of the accounts receivable of a certain entity.

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Factoring Agreement General Format In Chicago