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want to welcome everybody to the video for assigning and factoring of receivables were going to cover accounts receivables and a little bit of notes receivables assign receivables is when you say very specific receivables and say ok I want to use these receivables as collateral against a note so that when you collect those receivables youll actually pay off some of the note ok so if what were going to do is the company assigns $70,000 of its receivables of the finance company the finance company is 80 percent of the assigned they give me when I welcome everyone to the video for signing and factoring of accounts receivables and first were going to do is assign in receivables which is also called a secured borrowing and what this is were using specific receivables to use as collateral against the notes payable that we that were getting from the bank okay so what the help we have here company assigned seventy thousand of us receivables to a finance company the finance company gives
