ADVANCE RATE:	Amount of money provided immediately to the company factoring its Accounts Receivable expressed as a percentage of the total invoice amount. Advance Rates usually range from 70 to 80%.
	DISCOUNT FEE:	Interest rate charged to the company factoring its Accounts Receivable. Discount fees area flat fixed percentage of the total invoice amount no matter how long the customer takes to remit payment.
	FACTOR:	A company that provides businesses with operating capital by purchasing their Accounts Receivable.
	RESERVE/PRICING HOLDBACK	Amount of money that is not immediately provided to the company factoring its Accounts Receivable expressed as a percentage of the total invoice amount (Advance Rate + Discount + Reserve = 100% or Total Invoice Amount). Available reserve from invoices paid in full is refunded monthly by the factor less discounts and additional fees.

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