From Longman Business Dictionaryexport factoringˈexport ˌfactoringFINANCE a service provided by some large international banks for an exporter, in which the bank arranges to obtain payment directly from the importer. This allows the exporter to borrow part of the importer’s debt before being paid in full and therefore improves the exporter’s CASH FLOWIf international trade continues to grow, export factoring should increase in importance. → factoring
