That is, under factoring, title and ownership of the receivables shifts from the seller to the factor.

也就是说，根据保理，产权和所有权应收款的变化从卖方的因素。

youdao

The cash crisis forced Gall and Cooke to rely on purchase-order financing--in essence, factoring receivables before they are even receivable.

FORBES: In This Together

The only catch was that factoring reseller receivables was risky.

FORBES: Aggressive Accounting

The company burned 360 million in Euros cash in the quarter, and analysts noted that the total would have closer to 500 million had the company not stepped up factoring of receivables.

FORBES: Alcatel-Lucent Posts Worrisome Q3 Results; Shares Plummet