North American Product Classification System (NAPCS) Canada 2017 Version 1.0
- 761 - Financial services (except insurance)
- 76141 - Credit financing (except loans)
- 761412 - Factoring
7614121 - 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.
Illustrative example(s)
- factoring services with recourse
- financial factoring services
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