Michael Business Blog

An Indemnity Agreement is a contractual agreement made between two parties. One party signs a legal document proclaiming to be a guarantor for a corporation or a company. The other party sends a representative of the company such as its president to sign the document. They make these agreements when the company in question has no assets to pledge or use as collateral for a loan and another person or company signs an indemnity agreement to be a guarantor for the loan. Insurance companies will indemnify a policyholder for any loss or damage to property or assets, which the policyholder had insured. Read the rest of this entry »

Discounting factoring is a financial mechanism direct which a personal or a business (commercial, industrial, services, etc) could stimulate its growth in the short term through the sales of their bills receivables to a factoring company.

Discounting factoring is customized based on the demands of all customers. Anyway, remember that factoring isn’t the only service that these companies provide. Factoring companies may care your portfolio of customers and apply follow-up to the accounts receivables. Every month or term, they’ll provide your board with detailed reports of the data they assembled too. They could also assist you better assess the risks you take by extending or issuing credit lines to your customers. Read the rest of this entry »