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Accounts Receivable Purchase Price means the aggregate total of the Accounts Receivable multiplied by a factor of eighty-five percent (85%).

Factoring is a financial transaction and a type of debtor finance in which a business sells its accounts receivable (i.e., invoices) to a third party (called a factor) at a discount.

A purchase and sale agreement, also called a sales and purchase agreement or a purchase and sales contract, is a legally binding document that parties in a transaction use to stipulate the terms and conditions that will guide the sale and transfer of goods or property.

Many companies who extend credit to their customers sell their accounts receivable to a factor. A factor is a specialized financial intermediary who purchases accounts receivable at a discount. Under a factoring agreement a company sells or assigns its accounts receivable to a factor in exchange for a cash advance.

A receivables purchase agreement is a contract between two or more parties, usually a buyer or a customer and a seller. This contract is often a kind of purchase arrangement that outlines the terms and conditions of the sale.

Receivables purchase agreements (RPAs) are financing arrangements that can unlock the value of a company's accounts receivable. Here's how they work: A "Seller" will sell its goods to a customer (1). The customer becomes an "Account Debtor" since it owes the Seller a Debt for those goods (2).

A receivable purchase agreement is a contract between a seller and a financial institution that allows the seller to sell unpaid invoices from buyers to the financial institution. This means that the seller can enable cash flow until payment is received from the buyer.

Receivables Purchase Price means the fair market value of the Receivables on the Closing Date, as set forth on Schedule A to the Purchase Agreement. Receivables Purchase Price means the amount set forth with respect to such price in Section 2.02 of the Receivables Purchase Agreement.

Purchase of Accounts Receivable refers to the bank buying the creditor's rights in accounts receivable possessed by the seller (creditor) against the buyer (debtor) under the commercial contract while maintaining the recourse to the debtor. The bank may have the right of recourse to the creditor or not.

A purchase agreement is a contract generally used in transactions where the buyer is purchasing goods instead of services. This type of contract is most common in more complex and more expensive transactions, such as purchasing real estate or large, specialized equipment.