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invoice factoring
in·voice fac·tor·ing


noun 
Definition:
 
business outside help with company's invoicing: the practice of calling in an external organization, for a fee, to take over the administration of a company's invoicing, collect payments, and chase late payments
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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