factor

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Factor

A financial institution that buys a firm's accounts receivable and collects the accounts.

Factor

A third party that buys a firm's accounts receivable. If a firm is not confident in its ability to collect on its credit sales, it may sell the right to receive payment to the factor at a discount. The factor then assumes the credit risk associated with the accounts receivable. This provides the firm immediate access to working capital, which is important, especially if the firm has a cash flow problem. The price of factoring is determined by the creditworthiness of the firm's customer, not of the firm itself. It is also known as accounts receivable financing.

factor

A firm that purchases accounts receivable from another firm at a discount. The purchasing firm then attempts to collect the receivables.

factor

To sell accounts receivable to another party at a discount from face value. Thus, a firm in need of cash to pay down short-term debt may decide to factor its accounts receivable to another firm.

factor

  1. a firm that purchases TRADE DEBTS from client firms. See FACTORING.
  2. a firm that buys in bulk and performs a WHOLESALING function.
  3. an input (for example raw material, labour, capital) which is used to produce a good or provide a service.

factor

  1. 1a FACTOR INPUT that is used in production (see NATURAL RESOURCES, LABOUR, CAPITAL).
  2. a business that buys in bulk and performs a WHOLESALING function.
  3. a business that buys trade debts from client firms (at some agreed price below the nominal value of the debts) and then arranges to recover them for itself. See FACTOR MARKET, FACTORING.
References in periodicals archive ?
ANF Lahore seized a foreign destined parcel at Sky Net Courier Service Office, Lahore and recovered 140 Gram Heroin concealed in ladies shoes.
He informed that ANF has been receiving information through different sources regarding increased heroin trafficking to Gulf Countries, ANF deployed its sources to identify International drug gangs involved in its trafficking.
DG ANF gave special directive, for homing-on to curb the narcotics trend in educational institutions.
com), only one-third of all analysts' ratings on ANF are "buy" or "strong buy" designations.
ANF Rawalpindi Team in an information based operation intercepted a Mehran Car No.
ANF Peshawar Airport Team detained a passenger named Nawab Jan resident of Kuram Agency at Peshawar Airport, who confessed of having ingested Heroin filled capsules.
ANF Rawalpindi Airport Team on pursuance of an intelligence report, conducted an operation at car parking area of Benazir Bhutto International Airport, Islamabad and detained a passenger namely Mohammad Zulqarnain Sohail resident of Faisalabad.
ANF Intelligence Team received information of the dumping site.
ANF Rawalpindi Road Check Team captured a Toyota Corolla Car Registered No.
During routine checking, ANF intercepted a suspected Jeep bearing No BC-7435-Sindh, near Maitla Chowk, Khanewal.
ANF Lahore intercepted a suspected shipment at Sky Net Air Cargo located at Allama Iqbal International Airport Lahore.
Click the following link to see the Weekly Chart of ANF Since August 2003 With 10-Week and 20-Week Moving Averages: http://www.