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 ?
The success of LTF 548 and B Battery, 5th Battalion, 113th Field Artillery Regiment, cannot be summed up in simple words.
Bulk fuel will be delivered to the BCT by truck from the LTF, by AVN TF rotary-wing slingload operations, or by Air Force fixed-wing flights.
There is no better way to increase America's passion for STEM subjects than to combine the irresistibly engaging lessons developed by LTF with the fascinating work from NASA scientists.
Since the AEG and the LTF were under the direct control of their respective component commanders, some operations were not properly synchronized.
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According to the recent report "Putting a Price Tag on the Common Core: How Much Will Smart Implementation Cost" by Patrick Murphy and Elliot Regenstein, the average cost of professional development for a blended learning program utilizing a peer-to-peer training model like LTF does is $560.
The use of technology is an important component of this effort, and both PASCO and LTF are working diligently to utilize the latest technology available in their efforts, including producing open source lessons that can be used on mobile devices.
As a company of former teachers, LTF is dedicated to providing English, math, and science teachers with training and resources to effectively implement the Common Core State Standards.
Full-Scale Manufacturability Studies Underway with LTF Immunoassay Platform
With some incredible work by the teachers on our staff, we have aligned our goals to ensure that our LTF teachers can lead the way in Common Core State Standards implementation.
The O'Donnell Foundation founded LTF in 2003 to raise the bar for math, science and English education for American students.