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Factoring vs

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Questions and Answers

What is the primary purpose of factoring for a business?

To increase assets
To decrease liabilities
To increase profit
To meet present and immediate cash needs (correct)

What is another term commonly used to refer to factoring?

Accounts receivable financing (correct)
Invoice discounting
Debtor finance
Asset-based lending

What is the difference between factoring and invoice discounting in the United States?

Factoring and invoice discounting are the same
Factoring involves selling invoices at a discount, while invoice discounting involves lending against accounts receivable (correct)
Factoring involves lending against accounts receivable, while invoice discounting involves selling invoices at a discount
Factoring is called an assignment of accounts receivable, while invoice discounting is not

What is Forfaiting in the context of international trade finance?

A factoring arrangement used by exporters to sell their receivables (A) Signup and view all the answers

What is the role of the Commercial Finance Association?

It is the leading trade association of the asset-based lending and factoring industries (D) Signup and view all the answers

What is a von Neumann algebra?

A *-algebra of bounded operators on a Hilbert space that is closed in the weak operator topology and contains the identity operator (D) Signup and view all the answers

Who introduced von Neumann algebras?

John von Neumann (B) Signup and view all the answers

What does the double commutant theorem show in regards to von Neumann algebras?

That the analytic definition is equivalent to a purely algebraic definition as an algebra of symmetries (D) Signup and view all the answers

What is an example of a commutative von Neumann algebra?

The ring $L^{\infty }(\mathbb {R} )$ of essentially bounded measurable functions on the real line (B) Signup and view all the answers

What do the elements of the commutative von Neumann algebra $L^{\infty }(\mathbb {R} )$ act as?

Multiplication operators by pointwise multiplication on the Hilbert space $L^{2}(\mathbb {R} )$ (A) Signup and view all the answers