factoring discount
Defined in 1 place of the United States Code.
The term “factoring discount” means an amount equal to the excess of—
(A) the aggregate undiscounted amount of structured settlement payments being acquired in the structured settlement factoring transaction, over
(B) the total amount actually paid by the acquirer to the person from whom such structured settlement payments are acquired.
Source
- 2001–present26 U.S.C. § 5891Internal Revenue Code · Structured settlement factoring transactions · for purposes of this section