Agreement Accounts Receivable With Credit Card In Palm Beach

State:
Multi-State
County:
Palm Beach
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.

Free preview
  • Preview Factoring Agreement
  • Preview Factoring Agreement
  • Preview Factoring Agreement
  • Preview Factoring Agreement
  • Preview Factoring Agreement
  • Preview Factoring Agreement
  • Preview Factoring Agreement

Form popularity

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.

The note may be used to settle an accounts receivable. As explained above, debtors prefer to issue note receivable due to certain advantages. Thus, a note may be used to settle accounts receivables. b.

Credit Cards as Liabilities The balance owed on a credit card can be treated either as a negative asset, known as a “contra” asset, or as a liability. In this article we'll explore the optional method of using liability accounts, however, there are several advantages to using the Contra Asset Approach.

If you are looking for information specific to your account, contact the bank or institution that issued your card. By law, the issuer must make your agreement available to you upon request. If you are having trouble getting your agreement, let us know by submitting a complaint.

A cardmember agreement (CMA) is an arrangement between the card issuer/bank and the cardmember that contains the terms and conditions governing the account.

You can easily access your credit card statements on our website or on your mobile device. Log in to Online Banking and navigate to your credit card Account details page, then select the Statements & Documents tab. You'll have access to your credit card statements and also be able to request paper statements.

If you are looking for information specific to your account, contact the bank or institution that issued your card. By law, the issuer must make your agreement available to you upon request.

Already have a ® credit card? Log in to Online Banking and request a copy of your Credit Card Agreement. If you still have questions, contact one of our associates at 800.932. 2775.

Trusted and secure by over 3 million people of the world’s leading companies

Agreement Accounts Receivable With Credit Card In Palm Beach