Factoring Company- Glossary > Factoring Terms > Non-Notification
Search the FAQ for entries containing:
In this type of factoring, the customer or account debtor is unaware of the factor purchasing the client invoice. They are however, directed to make payment to a lock box controlled by the factor. Any contact that the factor makes is made under the client company name.
Last updated on September 28, 2009 by FACTOR KING, LLC