Asian Journal of Multidimensional Research

  • Year: 2021
  • Volume: 10
  • Issue: 10

Development of factoring in the world and methods of their application in Uzbekistan

*Yeoju Technical Institute in Tashkent, Uzbekistan, Email id: farkhodbr@gmail.com

Abstract

In this article, the world practice of using factoring in different countries was considered. Pros and cons of introducing factoring using statistical data.Based on them, ways to solve these problems were given, as well as the application of factoring in the Republic of Uzbekistan, taking into account world practice.

Keywords

Factor, Factoring, Commercial Banks, Factoring Companies, Business Entities, Accounts Receivable