What is assigned funded receivable in SAP SAP-LEGAL - Global Field Legal?

SAP Term: assigned funded receivable

• Component: SAP-LEGAL

• Component Name: Global Field Legal

• Description: The amount of Receivables assigned to the Assignee in accordance with any given Master Assignment agreement MA, as specified in each Funding Schedule.

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• Key Concepts: 
  Assigned funded receivable is a term used in SAP-LEGAL Global Field Legal. It refers to a receivable that has been assigned to a third party, such as a bank, for funding. The third party provides the funds to the debtor in exchange for the receivable. 
  
  How to use it: 
  In SAP-LEGAL Global Field Legal, assigned funded receivables are used to provide financing to debtors. The third party provides the funds to the debtor in exchange for the receivable. The debtor then pays back the funds over time, with interest. 
  
  Tips & Tricks: 
  When using assigned funded receivables, it is important to ensure that the terms of the agreement are clearly defined and agreed upon by both parties. This will help ensure that both parties understand their obligations and can avoid any potential disputes. 
  
  Related Information: 
  Assigned funded receivables are similar to factoring, which is another form of financing used by businesses. Factoring involves selling a company's accounts receivable at a discounted rate in order to receive immediate cash.