Statutory definition
फेक्टर
This definition is taken from the act's own definitions section.
भारतीय रिजर्व बैंक अधिनियम, 1934 (1934 का 2) की धारा 45झ के खंड
Defined by this section
Factoring Act §2 — Definitions.Tags
- Factoring Act
Related terms
- अधिसूचनाराजपत्र में प्रकाशित अधिसूचना अभिप्रेत है
- assigneethe factor in whose favour the receivable is transferred
- assignmentthe transfer by agreement of the undivided interest of an assignor in any receivable due from a debtor in favour of a factor and includes assignment where either the assignor or the debtor is situated or established outside India. Explanation.-For the pur
- assignorany person who is the owner of a receivable
- business enterpriseany enterprise or medium enterprise, micro enterprise or small enterprise as defined in clauses
- debtorany person who is liable to the assignor, whether under a contract or otherwise, to pay any receivable or to discharge any obligation, whether existing, accruing, future, conditional or contingent, in respect of a receivable