Factoring Company- Glossary > Factoring Terms > Due Diligence

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The process through which consultants and funding sources assess the risk and authenticity of a deal. It consists of the gathering and verification of information and documentation necessary for the funding source to make an informed decision as to whether to accept a prospect as a client, thereby reducing the funding source's overall risk of loss.

Last updated on September 26, 2009 by FACTOR KING, LLC