Glossary

Factoring Unit (FU)

A standardized electronic invoice or bill of exchange uploaded on a TReDS platform containing details of sales of goods or services by MSME sellers to corporate or government buyers.

Source: Working Capital Financing for MSMEs Through Digital Innovation: Participation-Efficiency Interdependence on India's Trade Receivables Discounting System (TReDS) Platforms (Academic research) · p.5

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