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A transaction in which a company sells its receivables and immediately receives cash for operating and other needs is called _____
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A transaction in which a company sells its receivables and immediately receives cash for operating and other needs is called _____

User Turbut Alin
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When a company sells its receivables and immediately receives cash for operating expenses and other needs it is called factoring. When they sell these receivables they are selling them to a third party to collect payments on their behalf. 
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