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
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.
