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 ?
Antigen antibody agglutination test was performed by slide method for the determination of ABO blood types and Rh factor.
Table 1 | Comparison of ABO blood groups and Rh factor between Behcet's dis-ease and control groups.
About eighty-five percent of the human population has the Rh factor in their blood.
There would be formation of new antibodies against the Rh factor.
Several labs have cloned the Rh factor, Goldstein says, but no one fully understands its three-dimensional structure.
And to study the four different blood types, use simulated samples and let students test them for the Rh factor, blood type and DNA pattern.
Levine noted, in 1939, that the mothers in these cases lacked a blood component called the Rh factor (because it had first been recognized in the blood of rhesus monkeys used as experimental animals).
The charge for determining cord type and Rh factor and performing the DAT at Ramsey is $33.
List your full name and all former names, the date and location of your birth, your occupation, blood type, Rh factor and allergies.
Blood exchange in the infant affected by Rh factor incompatibility at the time of birth.
The ABORhCard acts as a qualitative in vitro agglutination test that determines both the ABO blood group and Rh factor of an individual in approximately two minutes," said Micronics president Karen Hedine.
In the medical field, the Rh factor in human blood is named after rhesus monkeys, which were involved in the scientific discovery of that antigen.