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History of the Early Factoring in Roman

History of the Early Factoring in Roman

finance
[Post Image Courtesy of Scottchan at FreeDigitalPhotos.net]

Factoring has not been documented as having been used by the Romans. However, the word ‘factoring’ has a Roman root. It is derived from the Latin verb ‘facio’ which can be translated as “he who does things”. In Roman times this referred to agent of a property owner, i.e., his business manager. Though the root word has nothing to do with the industry, as they attempt to help their clients through their financial problem.

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