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 ?
For those regular tanners who are light-sensitive, or have a history of skin cancer, the negligible difference in SPF levels could make a difference.
Our findings are troubling because consumers may not be getting the amount of SPF protection they think they're getting.
But bear in mind it's not the price that indicates the level of protection a product offers but the SPF and UVA ratings.
Wear makeup with SPF for an extra layer of protection.
All sunscreens with SPF 8 or greater provide some UVA protection.
Climate change will top the agenda for the SPF side, one official said, adding that averting rising sea levels is a ''matter of life or death'' for South Pacific islands.
Additional information about these new procedures can be obtained by contacting one's local SPF office.
We reviewed our options, and when we saw how robust the SPF platform was, we knew we had found the right fit," said Sease.
Exuviance Sheer Daily Protector SPF 50 is transparent, blends easily and has an invisible universal tint that enhances and evens skin tone immediately after application.
According to the company, consumers prefer products such as BB creams with SPF as well as added benefits that provide lighter textures.
Open cell and closed cell SPF together constitute over 90% of the global demand for SPF and the trend is expected to continue during the forecast period.