ASSIGNMENT OF ACCOUNTS RECEIVABLE
A lending agreement, usually long term, between a lending institution and a borrowing company whereby the borrower designates particular customers which owes money (accounts receivable) to the lending institution. In trade for the assignment of account receivable, the borrower acquires a cash advance for a portion of the account receivable. The borrower pays a service charge and interest on the advance.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 07:00 | Leading Indicators | Jan | |
| 07:00 | Leading Indicators | Jan | |
| 08:00 | Economy Watchers Survey | Feb | |
| 08:00 | Economy Watchers Survey | Feb | |
| 09:00 | Industrial Production | Jan | |
| 09:00 | Industrial Production | Jan | |
| 09:00 | Trade Balance | Jan | |
| 09:00 | Trade Balance | Jan | |
| 10:00 | SECO Consumer Confidence | Feb |
