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History of the Early Factoring in Roman

History of the Early Factoring in Roman

[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.

About Author Mohamed Abu 'l-Gharaniq

when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries.

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