Re:Lightroom app update wipes users' photos and presets, Ado...
by Someone on Friday August 21, 2020 @08:51AM
(#24234442)
Because that’s what it’s called in English. https://en.wikipedia.org/wiki/Factoring_(finance):
“Factoring is a financial transaction and a type of debtor finance in which a business sells its accounts receivable (i.e., invoices) to a third party (called a factor) at a discount“
Re:Lightroom app update wipes users' photos and presets, Ado...
by mcv on Friday August 21, 2020 @07:06AM
(#24233855)
> "Don't know why they're called a factoring company in Holland."
To me it sounds like a bad translation. "Invoice" in Dutch is "factuur". "Facturering" is the process of sending an invoice. I have often encountered the word "factoring" as a supposedly-English translation of it.
A normal business, say your bank or you energy supplier or your software supplier, will try and recover a debt with some basic attempts. But then they'll bundle together all their debts and sell them to debt collectors for pennies on the pound.
Don't know why they're called a factoring company in Holland.