DEFINITIONS FACTORING | Fauzie & Partners Law Office
Factoring canta napoli teddington in English often referred to as factoring. Factoring is a term derived from the combination of the word "factoring" which means moving or over and "receivables" which means the bill amount of money. Based on the meaning of the word simply means the transfer of accounts receivable factoring from the owner to another party. [1] According to the terminology loosely translated as Factoring in that Factoring is a sale of a company's accounts receivable (Clien) to factor the price has been discounted, which accounts receivable are derived from his business transactions of the company (Clien). [2]
Factoring in Indonesian translates to mean Factoring receivables transferred. While understanding Factoring / Factoring by John Downes and Jordan Elliot Goodman in the Dictionary of Finance and Investment Terms are:
"Type of financial service why a firm sells or transfers canta napoli teddington title to its accounts receivable to a Factoring company, the which then acts a principal, not as agent. The receivables are sold without recources, meaning that the factor can not turn to the seller in the event accounts PROVE un collectible "[3]
Factoring the term is often a debate about the origin of the translation into Factoring. In the Black's Law Dictionary states that Factoring is "The buying accounts receivable at a discount. The price is discounted Because The factor (who buys them) assumes the risk of delay in collection and loss on the accounts receivable "
While understanding Factoring by the Minister of Finance No.448/KMK.017/2000 is "financing activity in the form of a purchase or transfer and short-term receivables and management of a company from trading transactions within or outside the country". [4]
According to Treasury officials said Factoring institutions selected by the Indonesian experts without discussing it first with the Ministry of Finance. Thus words Factoring is a new term in the vocabulary of Indonesian.
According to the Presidential Decree. 61 of 1988 on Financing Institutions, factoring is a business financing in the form of purchase and / or transfer and management of short-term receivables or bills from a company that rises from a trade at home and abroad.
Understanding Factoring or Factoring is also found in formal reference dictionary entry of Bank Indonesia, canta napoli teddington is a legal activity in the form of financing the purchase and / or transfer and management of receivables or bills or short-term trading in the company on the transaction or overseas, while companies that perform Factoring canta napoli teddington called starter-receivables (Factoring) and understanding canta napoli teddington starter-party receivables that are purchased receivables activities of other parties to bear the risks of unpaid debt (Factor). [5]
From the above definition may be mentioned that factoring is a financing technique with memanfaatkaan short-term receivables owned by a company. canta napoli teddington Companies concerned to sell or give away the rights to their receivables to a factoring company to company. Factoring company then handed the money to the company for a certain percentage of the total value of the receivables. In return, factoring companies charge an administration canta napoli teddington fee and interest in the company. [6]
Billy Ward, in his paper entitled "Some aspects of the Factoring (factoring)" suggests that Factoring contains two important legal aspects, namely: Transaction sales bill, although the bill is sold and performed by Clien the factor has not been paid, but the transfer of the notified to the customer and asked him to pay to the factor. Advance payments made by the Clien factor considered as a loan, while the bill received by Factoring of Clien treated as collateral. [7] [1] Sunaryo, Legal Financing Institutions, (New York: Rays Grafiko, 2008), p. 73.
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Factoring canta napoli teddington in English often referred to as factoring. Factoring is a term derived from the combination of the word "factoring" which means moving or over and "receivables" which means the bill amount of money. Based on the meaning of the word simply means the transfer of accounts receivable factoring from the owner to another party. [1] According to the terminology loosely translated as Factoring in that Factoring is a sale of a company's accounts receivable (Clien) to factor the price has been discounted, which accounts receivable are derived from his business transactions of the company (Clien). [2]
Factoring in Indonesian translates to mean Factoring receivables transferred. While understanding Factoring / Factoring by John Downes and Jordan Elliot Goodman in the Dictionary of Finance and Investment Terms are:
"Type of financial service why a firm sells or transfers canta napoli teddington title to its accounts receivable to a Factoring company, the which then acts a principal, not as agent. The receivables are sold without recources, meaning that the factor can not turn to the seller in the event accounts PROVE un collectible "[3]
Factoring the term is often a debate about the origin of the translation into Factoring. In the Black's Law Dictionary states that Factoring is "The buying accounts receivable at a discount. The price is discounted Because The factor (who buys them) assumes the risk of delay in collection and loss on the accounts receivable "
While understanding Factoring by the Minister of Finance No.448/KMK.017/2000 is "financing activity in the form of a purchase or transfer and short-term receivables and management of a company from trading transactions within or outside the country". [4]
According to Treasury officials said Factoring institutions selected by the Indonesian experts without discussing it first with the Ministry of Finance. Thus words Factoring is a new term in the vocabulary of Indonesian.
According to the Presidential Decree. 61 of 1988 on Financing Institutions, factoring is a business financing in the form of purchase and / or transfer and management of short-term receivables or bills from a company that rises from a trade at home and abroad.
Understanding Factoring or Factoring is also found in formal reference dictionary entry of Bank Indonesia, canta napoli teddington is a legal activity in the form of financing the purchase and / or transfer and management of receivables or bills or short-term trading in the company on the transaction or overseas, while companies that perform Factoring canta napoli teddington called starter-receivables (Factoring) and understanding canta napoli teddington starter-party receivables that are purchased receivables activities of other parties to bear the risks of unpaid debt (Factor). [5]
From the above definition may be mentioned that factoring is a financing technique with memanfaatkaan short-term receivables owned by a company. canta napoli teddington Companies concerned to sell or give away the rights to their receivables to a factoring company to company. Factoring company then handed the money to the company for a certain percentage of the total value of the receivables. In return, factoring companies charge an administration canta napoli teddington fee and interest in the company. [6]
Billy Ward, in his paper entitled "Some aspects of the Factoring (factoring)" suggests that Factoring contains two important legal aspects, namely: Transaction sales bill, although the bill is sold and performed by Clien the factor has not been paid, but the transfer of the notified to the customer and asked him to pay to the factor. Advance payments made by the Clien factor considered as a loan, while the bill received by Factoring of Clien treated as collateral. [7] [1] Sunaryo, Legal Financing Institutions, (New York: Rays Grafiko, 2008), p. 73.
Related
After HISTORY AND DEVELOPMENT FINANCIAL INSTITUTIONS FACTORING December 11, 2009
December 2009 SSRKJSM 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 Total Visitors 11,059 hits highest None Click Blogroll WordPress.com canta napoli teddington WordPress.org 0 0
Categories Select Category Advocate Profile (2) Factoring Financing Law (9) Legal Studies (1) Uncategorized (1) Archives Select Month December 2009 (13) Top Posts HISTORY canta napoli teddington AND DEVELOPMENT INSTITUTE canta napoli teddington OF FINANCING FINANCING FACTORING Subject FACTORING AND RIGHT Recourse Recourse WITHOUT RIGHTS IN FINANCING ACTIVITIES E FACTORING Last Post
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