i have the definition of INVOICE DISCOUNTING but i can't find the translation into spanish. Could anybody help me? here it is the definition:
Invoice discounting is a form of short-term borrowing often used to improve a company's working capital and cash flow position.
Invoice discounting allows a business to draw money against its sales invoices before the customer has actually paid. To do this, the business borrows a percentage of the value of its sales ledger (A sales ledger contains the personal accounts of customers to whom the business has sold on credit. (The basis of their reputation; they are the debtors.) It records information such as invoices issued, credit notes issued and payments received.) from a finance company, effectively using the unpaid sales invoices as collateral for the borrowing.
THANKS A LOT