# Shopify Capital glossary of terms

Term | Definition |
---|---|

Amount advanced | The funds you receive from a Shopify Capital merchant cash advance. |

Daily payment percentage | The percentage of your daily sales that you repay to Shopify Capital until the total payment amount is repaid. |

Deliver | To send funds. |

Factor or factor rate
| The number that the amount received multiplies by to determine the total to remit. |

Fixed borrowing cost | The fee for obtaining a Shopify Capital loan, also known as the cost of funds. |

Funding | Access to capital. |

Gross daily sales | The total sales amount on a particular day. This includes taxes and shipping. |

Loan amount | The funds you receive from a Shopify Capital loan. |

Receivables | A purchase of your future sales. |

Remaining balance | The amount of the total to remit that is yet to be remitted to Shopify Capital. |

Remit | To deliver money to apply against the total to remit. |

Remittance | Money that is delivered to apply against the total to remit. |

Remittance rate or daily remittance percentage
| The percentage of your daily sales revenue that will be remitted to Shopify Capital until the total to remit has been remitted. |

Total payment amount | The loan amount plus the fixed borrowing cost of a Shopify Capital loan. The total amount that must be repaid. |

Total to remit | The amount of future sales revenue that Shopify Capital buys. This is calculated by multiplying the amount received by the factor rate. |