Agreement Accounts Receivable With Credit Card In Hennepin

State:
Multi-State
County:
Hennepin
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

A cardholder agreement is a legal document outlining the terms under which a credit card is offered to a customer. Among other provisions, the cardholder agreement states the annual percentage rate (APR) of the card, as well as how the card's minimum payments are calculated.

Under federal law, your credit card issuer is required to provide a copy of your agreement upon request. Look on the back of the credit card or on your latest monthly statement to find the name of the issuer.

A credit card agreement is defined as the written document or documents evidencing the terms of the legal obligation, or the prospective legal obligation, between a card issuer and a consumer for a credit card account under an open-end (not home-secured) consumer credit plan.

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.

More info

Complete this form and return it to: Hennepin County - Accounts Payable. Complete supplier forms and system access from sponsors.Also, payment application, sponsored accounts receivable, collections, letter of credit draws. The Division of Accounting Services provides a full range of financial accounting services that meet strict Federal financial management requirements. Hi Guys, I have a beginner question. We recently started receiving credit card payment options from our customers. There are six ways you can choose to pay your WH electric bill: phone, online (Ebilling), automatic bank draft (EZ Pay), mail, drop box or inperson. If you have a question about payment on an invoice call accounts payable at . In 2008, Conga was out of compliance with the ordinance. Please bring them to court on the day of your hearing.

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Agreement Accounts Receivable With Credit Card In Hennepin