North American Product Classification System (NAPCS) Canada [Provisional Version 0.1]

• 52 - Financial and insurance services
• 522003 - Credit financing products, except loans

522003.2 - Factoring

Financing provided to a business from the sale of its accounts receivable to a third party, known as a factor. Normally, the factor assumes the full risk of collection, including credit losses. Includes factoring with recourse, and sale at a discount, by merchants, of food stamps that they have received from customers.