Factoring Agreement Meaning For Students In Pima

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

Description

The Factoring Agreement is a legal document that outlines the terms under which a business (Client) sells its accounts receivable to a financial entity (Factor) for immediate cash flow. This agreement can be particularly valuable for students in Pima studying business and finance, as it explains the process of utilizing receivables as a way to obtain funding for operations. Key features include the assignment of accounts receivable, the rights and responsibilities of both parties, credit approval requirements, and provisions for the assumption of credit risks. The form details how the Factor will collect payments from customers and the conditions that govern the purchase price and commissions. For attorneys, partners, owners, associates, paralegals, and legal assistants, this agreement serves as a practical tool to understand the financial strategies for managing business cash flow and mitigating risks associated with credit sales, enabling comprehensive support for their clients in similar financial transactions.
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FAQ

Pima Community College (PCC) began receiving 2024-25 FAFSAs for applicants who selected PCC as a school from the U.S. Department of Education. We continue to receive FAFSAs on a daily basis. Use school code 007266 to send your FAFSA to PCC when you apply.

Pima Community College (PCC) began receiving 2024-25 FAFSAs for applicants who selected PCC as a school from the U.S. Department of Education. We continue to receive FAFSAs on a daily basis. Use school code 007266 to send your FAFSA to PCC when you apply.

Cars, computers, furniture, books, boats, appliances, clothing, and other personal property are not reported as assets on the FAFSA. Home maintenance expenses are also not reported as assets on the FAFSA, since the net worth of the family's principal place of residence is not reported as an asset.

Now is a good time to complete and submit your FAFSA, and use Federal School Code 007266 to ensure that Pima Community College receives your FAFSA. Find out additional processing information and dates on our FAFSA Simplification page.

Please contact the Financial Aid and Scholarships at fahelp@pima or 520-206-4950 for further assistance.

Three types of institutions are eligible to participate in the federal student aid programs: institutions of higher education. proprietary institutions of higher education. postsecondary vocational institutions.

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

Factor expressions, also known as factoring, mean rewriting the expression as the product of factors. For example, 3x + 12y can be factored into a simple expression of 3 (x + 4y). In this way, the calculations become easier. The terms 3 and (x + 4y) are known as factors.

2. Federal and State Grants: Pima Medical Institute students may be eligible for federal and state grants, such as the Pell Grant and the Federal Supplemental Educational Opportunity Grant (FSEOG). Eligibility for these grants is based on financial need, and you'll need to complete the FAFSA to apply.

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Factoring Agreement Meaning For Students In Pima