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 ?
Through this partnership, the exchange between Harvard and Southcentral Foundation will increase the knowledge of our primary care providers, Harvard students, and other health care professionals," said SCF President/CEO Dr.
The SCF is a household survey, and its sampling frame is designed to be representative at the household level.
The SCF offers business counselling and loans for Aboriginal businesses, ranging from small to medium-sized, that are just getting off the ground or are looking to maintain or even expand their business.
Conclusion: This study revealed, significantly increased serum sCD40 levels in patients with SCF Although we cannot conclude the underlying pathological process of SCR we believe that these findings may be pivotal for further studies searching the specific roles of CD40/CD40L signaling on SCF phenomenon in coronary vasculature.
In fact, companies increasingly view payables strategies such as SCF as a way to generate returns either indirectly, by freeing up working capital through discounts that result in earlier payments, or directly, in the form of fees earned for providing payables information to third parties that then offer early-payment-for-discounts deals to the suppliers.
95 was issued, it's time to revisit the design of the SCF and the manner in which cash flows are classified.
Melt spinning of bicomponent SCF made up of PC as the high refractive index component and PMMA as the low refractive index component was fabricated by bicomponent spinning with ABE Bicomponent Spinner (ABE Company, Japan).
They booked their spot in the finals with a 31-12 thumping of Toulouse outfit Froggies Club, while SCF rode into the showpiece match on the back of a tough 21-15 victory over four-time winners South Sea Drifters.
A reader might assume that SCF researchers employ standard variables and commonly agreed upon methods for analysis, making it possible to compare research across studies.
Andrew Simpkins, of SCF, said they were delighted at the prospect of further developing their work.
a provider of supply chain finance (SCF) solutions, has released its "next-generation" PrimeRevenue SCF Platform[TM], which delivers new functionality related to payment offset information flows critical to retail, diversified manufacturing, high-tech and automotive markets.
According to the research, since the overproduction of melanine is induced by endothelin and SCF even if the skin is no longer exposed to ultraviolet rays, skin flecks tend to be persistent.