Debt factoring

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The process of selling ones invoices to a collection agent at some discount. It is a way of monetising a future income stream, so is a distant relation — a sort of long-lost cousin from Australia — to David Bowie’s idea, which almost wrecked the global economy, let’s not forget, of securitising the future royalties for bunch of moody instrumentals he once recorded in Berlin.

See also

• David Bowie
• Globasl financial crisis