What are "approved debts"?
What are 'approved debts'?
Approved debts are what a factoring or invoice discounting provider is prepared to lend against. The funder is not obliged to lend against all of your outstanding invoices. For example, where there is aged debt, disputes, contra trading or a ban on assignment. These difficult areas would normally be highlighted at the initial audit (but may only come to light with new contracts/customers).
