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Theory About Factoring Service, Burhan Economy Rexhepi Ek

International Journal of Business and Technology

Factoring is one of the oldest and common methods of trade fi nance over the world with a long historical development. According to historians, Factoring is originated 4,000 years ago in the days of King Hammurabi of Mesopotamia whereby the fi rst literate societies were developed. Although Mesopotamia no longer exists, many of its great contributions to civilization have endured, including Factoring. The fi rst documented-use of factoring was widespread occurred in the American colonies before the revolution to serve for trade. With the abundance of the North American landscape, colonists cultivated and traded commodities like cott on, fur and …