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definitions
Updated: 14 Aug 2017
Purchase Order Financing
[pur-chuh s] [awr-der] [fi-nan-sing]
The assignment of purchase orders by a business to a third party who accepts responsibility for billing and collecting from buyers of the company’s products and services. It is a form of expensive financing used to purchase materials required to produce products needed to fulfil a purchase order already received from a buyer.
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