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 ?
Based in Alexandria, Virginia, the FSF is an independent, non-profit organisation which focuses on research, publishing, educating and promoting aviation safety.
Architects worldwide specify coatings with Kynar 500 FSF PVDF resin to meet the stringent AAMA 2605-13 specifications and provide long-lasting performance in a variety of weather conditions," said Bob Cregg, industry director, Building Products, Sherwin-Williams Product Finishes Division.
Central President FSF Khan Bahadar told that it was the need of the hour to promote education in coming generations.
Fluent in German and in football fandom, he volunteered to study safe standing in German football on behalf of the FSF (he somehow finds time for his day job as a German translator too
The five principles that successfully guided our combined operations with FSF in Afghanistan are joint preparation, unity of effort, interdependence, continued collaboration, and exploitation.
Come and have your say at the FSF Fans' Parliament in July.
All you need to do to become a member is to provide the FSF with your name and email address and postal address - it's that simple.
FSF 1500 Polymer provides excellent cuttings encapsulation and well-bore stability.
The FSF was today publishing a report into policing and stewarding at last month's Wear-Tyne derby, which voices the concerns of match-going fans.
FSF, Wallsend (I did have this dream after Gazza's rumoured demise).
Global Banking News-27 August 2008-Israeli banks may need to sell CDOs to adhere to FSF guidelines(C)2008 ENPublishing - http://www.
Flight Safety Foundation announced a partnership with Aviation Safety Foundation-Australasia designed to "better spread the FSF safety message through Australia and Southeast Asia" and offer the Melbourne-based organization access to FSF resources and assistance.