Providing a fund for the payment of the interest or principal of a debt.
Payments made by the factor to its clients.
The payment made by an investor to a client in exchange for title to the debt owed to the client. In factoring it refers specifically to the advance payment on the invoice.
Systematic monthly or other periodic payments into a fund which, with investment earnings, are intended to provide for pensions and other benefits as they become payable.
In a retirement plan, the setting aside of funds for the payment of benefits.