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 ?
Gwynedd Council's Cabinet Member for the Economy Councillor Mandy Williams-Davies, said: "The LIF has been a real success story in terms of its popularity and achievements within the local business community.
LIF inhibits the production of HIV in a way that is dependent upon the expression of a specific gene, gp130-LIFR.
com)-- Custom Sensors & Technology has recently developed a novel LED light induced fluorescence sensor, the LIF Sensor, in collaboration with GlaxoSmithKline for blend uniformity and end-point detection during the blending of powders.
Additionally, some of you are removing the LIF to attach things like the 3X magnifier and the compass.
With all versions of FASS now gathered under a web address and based on Red Hat Enterprise Linux, members of LIF are able to update their critical pharmaceutical texts daily.
Cambyses is the most technically demanding of LIF plays in this period and indeed the text does indicate successive discoveries, but the first is managed with the front curtain not a backshutter as Langhans suggests.
They derived human induced pluripotent stem cells (iPSCs) - which are created by reprogramming adult cells and have many of the characteristics of human ECSs, including resistance to manipulation - in cultures containing the growth factor LIF, which is used in the creation of mouse ESCs.
Among the secreted factors in d-hES cells, LIF is a cytokine belonging to the IL-6 family which was initially identified by its ability to induce differentiation of MI leukemia cells (Tomida et al.
Without feeder cells, pluriopotency could be maintained when the CCL2 was added even to a small amount of LIF, they said.
The company, which manufactures park and leisure homes and has branched into kitchen design and manufacturing, has grown substantially as a result of grant aid including a sizeable contribution from LIF.
In addition to existing optical metrology (spray analysis, PIV, Lowspeed LIF system) can be integrated into the new system to be procured.
The caps protect the sights and goggles from the sun and bright lights and the LIF protects against lasers, both of which can ruin the image intensifier.