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 ?
Amgen's Senior Manager, Human Factor Engineering, Valerie Fenster will present a case-study on "Assessing how to reduce risks by design instead of introducing controls.
This partnership will give STI access to Detonics patents, R&D and human factors engineering talent," said Jens Krogh, STI director of sales and marketing.
Mike Horton, technical director, said: "A simple way to view human factors is to consider three aspects - job, individual and organisation.
DESCRIPTION: This book d displays current cognitive and social human factors methods that can be used to analyze individual and team performance in sport.
Using the Naval Safety Center's Human Factors Analysis and Classification System, we can identify all of the human errors that occurred.
At inception, it was envisioned that the HFG would be a living document where new guidelines would be developed as new human factors needs are identified for enhancing road users safety and as new research studies and data become available to serve as the source of guideline materials.
On the latter point, FHWA's Human Factors for Limited-Ability Autonomous Driving Systems, an EAR project, aims to investigate driver engagement through the development of limitedability autonomous driving systems.
The Human Factor Leadership Academy will focus on producing honest and compassionate leaders who will grow in positive human factor qualities that they can apply in all spheres of human endeavors.
Human Factors and Aerospace Safety is an important new international journal targeted specifically at the study of the human element in the aerospace system, and its role in either avoiding or contributing to accidents and incidents, and in promoting safe operations.
Adjibolosoo (business, Point Loma Nazarene University) presents theory and empirical evidence on the essential role of the human factor in free market efficiency and economic progress.
The first program of the collaboration will be to develop recombinant human factor VIIa as a potential treatment for hemophilia in patients with antibodies to other coagulation factors.
The 2007 cash use forecast includes planned support for completion of GTC's phase III study of ATryn([R]) in the hereditary deficiency indication for the United States, the filing of a Biologics License Application in the United States, development of the recombinant human factor VIIa production system with LFB Biotechnologies, and preclinical activities in GTC's recombinant human alpha-1 antitrypsin and CD137 monoclonal antibody programs.

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