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 ?
Whether or not such a line of reply is ultimately successful, it does suggest, straightforwardly enough, how DAF can accommodate the thought that deserving blame has a special significance that meriting fear does not.
Most DAFs can accept illiquid asset contributions, such as securities, real estate, and other tangible assets, meaning, a DAF can turn an asset you may not have considered into a charitable gift.
Simply put, a DAF is a charitable account opened in the name of one or more individual donors and custodied by a non-porfit typically a charitable organization founded by a financial services company, a community foundation or a university.
Mannai HEG and DAF are keen to build on this momentum to ensure evolving standards in aftermarket care, which is one of the reasons for hosting this summit in Qatar -- an important growth market for the brand in the region," the statement notes.
In addition to creating a homogeneous mixture of wastewater, the EQ tank equalizes the flow to the flocculation tubes which are part of the DAF process.
GRATEFUL: From left, Vikki Heywood (RSC executive director), Paul Hadland (RSC scenic workshop manager), Roger South (storeman, RSC scenic workshops), Ray Ashworth (managing director, DAF Trucks Ltd) and Peter Glover (director of Imperial Commercials, a DAF trucks dealership) alongside the RSC's new truck
Enpure see this award as a major step forward in the application of their Enflo-vite DAF technology, and related work they are undertaking in the desalination market place.
There are also very clear tax advantages to setting up a DAF rather than a private foundation.
Hundreds of workers unfairly sacked by former Birmingham van maker Leyland DAF have won their battle for compensation - after a 17-year wait.
Hayes" or the "Company") announced today that its subsidiary, Hayes Lemmerz Werke GmbH, which operates the Company's Konigswinter, Germany facility, has received a certificate of achievement from DAF Trucks N.
9-1itre six-cylinder MX series of commercial vehicle diesel engines manufactured by DAF, a member of the global PACCAR group.