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Highlight the similarities between invoice discounting and factoring.

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1.Both are raised on the account of the company’s debtors or invoices.
2.both are expensive sources of finance to the company because discount rates in both case will be higher than the bank rate on borrowed funds
3.both fall in the family ( group) of short term sources of finance to the company, thus are aimed at solving the company’s liquidity problems

sharon kalunda answered the question on April 16, 2019 at 14:17

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Highlight the similarities between invoice discounting and factoring.

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