Kimlon informatics is owed $5,000 from a client for its services. the recovery period is 100 days, but kimlon needs the money immediately. it sells the right of collecting money from its client to quikcollect, a collection agency. here, kimlon informatics is the

Question

Business

Shaun Gamble

11 January, 00:09

Kimlon informatics is owed $5,000 from a client for its services. the recovery period is 100 days, but kimlon needs the money immediately. it sells the right of collecting money from its client to quikcollect, a collection agency. here, kimlon informatics is the

+1

Answers (1)

Know the Answer?

Kaitlyn Morales · Answer 1

Assignor

Explanation:

An assignor is someone who transfers their rights of ownership in something to another party. In this case Kimlon transfers their right to collect the debt from the client.