a method of obtaining early payment of invoices by selling them at a discount to a company which will receive payment of the invoices when they are paid. The debtor is not informed of this arrangement, as opposed to factoring, where the debtor is informed.
invoice discounting. InvestorGuide.com. WebFinance, Inc. http://www.investorguide.com/definition/invoice-discounting.html (access:April 20, 2019).