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 ?
See Woolman, supra note 9, at 21-2 to -5 (discussing the IFP and ANC's structural disagreements with respect to the new constitutional order); see also JEFFERY, supra note 13, at 158 (suggesting that the IFP's "regional project" was a threat to the ANC-lead path of transformation).
The IFP study aims to provide better predictors that will uncover these frauds earlier.
The IFP stayed out, and the violent conflict in KwaZulu-Natal and on the Reef escalated, prompting the government to declare a state of emergency in KwaZulu-Natal.
Neither the delighted ANC nor the mortified IFP challenged the fairness of the contest.
Teaming up with Independent Financial Partners to gain access to their intellectual capital, internal resources, strategic affiliations, handpicked technologies, and the IFP Insurance Group, greatly enhances our ability to help each client pursue their specific goals and objectives.
Watching LPL lead the industry in preparing for the DOL fiduciary rule and seeing our advisors' excitement about what LPL's new ClientWorks technology platform can do for their business made it clear that LPL is a firm that will grow with IFP and can continue to support us as our needs grow and evolve in the future," said IFP President Paul A.
IFP Qatar also organised a number of free tours to major mega construction sites in Qatar, including the New Port Project, Lusail City, and The Mall of Qatar, as well as a business intelligence series consisting of a number of events such as the "third Annual LightingTech Qatar," "second Annual Future BIM Implementation Qatar," third Annual Future Interiors Qatar," "third Annual Future Landscape and Public Realm Qatar," and "third Annual Future Drainage and Stormwater Networks Qatar.
The initiatives and priorities of the council will be dictated by the women who are involved, not by IFP management.
During this phase, Hoffa's disease causes transformation of fibrocartilaginous tissue and ossification of degenerative IFP tissue (imitating soft tissue chondroma).
The IFP is taking poker in a new and interesting direction and we are excited to be part of it.
The remaining 10 million, which will be granted to IFP, is earmarked for climate change sensitive and green' investments.
The success of firms like IFP and others, including High Tower Advisors (see "High Tower's Continuing Success Suggests a New Model for Independent Advice" on AdvisorOne.