A/R Finance & Factoring Terms GLossary
What isProduction Finance
Work in Process or WIP Financing (not to be confused with work in progress, a term used in construction or the building trade) is the portion of your inventory that is being “worked”. Because of its unsalable condition, most lenders value WIP inventory lower than raw or finished (salable) inventory. Production Financing describes the same.
Audio Definition/Pronunciation
OTHER TERMS BEGINNING WITH "P"
- Paid in Capital
- Past Due Invoice
- Pay when Paid Clause
- Peer Lending
- Perishable Agricultural Commodities Act (PACA)
- Personal Guarantee
- Pre-Billing
- Prime Rate
- Principal and Interest (P&I)
- Process of Factoring
- Proof of Delivery (POD)
- Property, Plant, and Equipment (PP&E)
- Purchase Order
- Purchase Order Funding or PO Financing
