Serial Article
| DOI |
10.7336/academicus.2013.08.10 |
| URL |
https://academicus.edu.al/?subpage=volumes&nr=8 |
| Multiple Resolution: |
| MR URL |
https://academicus.edu.al |
| MR URL |
https://academicus.edu.al/nr8/Academicus-MMXIII-8-161-171.html |
| MR URL |
https://academicus.edu.al/nr8/Academicus-MMXIII-8-161-171.pdf |
| MR URL |
mailto:info@academicus.edu.al |
| MR URL |
https://academicus.edu.al/images/front_end/academicus.jpg |
| MR URL |
https://creativecommons.org/licenses/by-nc-nd/4.0/ |
| Acess Indicators: |
|
OA – Open Access |
| OA License |
https://creativecommons.org/licenses/by-nc-nd/4.0/ |
Full Title
English
(eng)
|
Academicus International Scientific Journal |
| Publisher (01) |
Academicus International Scientific Journal |
| Country of publication |
Albania
(AL)
|
|
ISSN
|
20793715 |
| Product Form |
Printed Journal
(JB)
|
|
ISSN
|
23091088 |
| Product Form |
Online Journal
(JD)
|
| Journal Volume Number |
8 |
| Journal Issue Date (YYYY/MM) |
2013 / 07 |
Title
English
(eng)
|
Albanian legal framework on Factoring contract |
|
By (author)
(A01)
|
Anjeza Liçenji |
| Affiliation |
Faculty of Law, University of Tirana, Albania, Doctoral Candidate |
|
By (author)
(A01)
|
Kestrin Katro |
| Affiliation |
University of Tirana, Albania, Prof.As.Dr. |
| Number of Pages |
11 |
| First Page |
161 |
| Last Page |
171 |
| Language of text |
English
(eng)
|
| Publication Date (YYYY/MM) |
2013 / 07 |
| Copyright |
2013, Academicus |
Abstract
Main description
(01)
|
Factoring contract is a new phenomenon, compared to earlier forms of commerce in juridical circulation. Factoring is a method
used by a firm to obtain cash when available cash balance, held by the firm, is insufficient to meet current obligations,
and accommodate its other cash needs, such as new orders or contracts. The use of factoring to obtain the cash, needed to
accommodate the firm’s immediate cash needs, will allow the firm to maintain a smaller ongoing cash balance. By reducing the
size of its cash balances, more money becomes available for investment in the firm’s growth. A company sells its invoices
at discount to their face value when it calculates that it will be better off proceeding to bolster its own growth than it
would be by effectively functioning as its “customer’s bank”. Many businesses have cash flow that varies. A business might
have a relatively large cash flow in one period, as well as a relatively small cash flow in another period. Because of this,
firms find it necessary to both keep a cash balance on hand, and use such methods as factoring, in order to enable them to
cover their short term cash needs in those periods in which these needs exceed cash flow.
|
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|
Account Management
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