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Definitions for
"Overadvance"
Keywords:
inventory
,
prior
,
peak
,
sales
,
expected
A loan in advance of sales that enables a company's management to build its inventory prior to peak sales periods.
199.96.2.123
When a company obtains a loan in order to increase their inventory prior to an expected increase in sales volume.
ir.altus.com
Keywords:
debit
,
exceed
,
assigned
,
factor
,
advanced
An "overadvance" is another term for a "debit balance," where a factor has advanced funds to a client that exceed the accounts receivable balance assigned to the factor.
milbergfactors.com