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 ?
Dermatologists suggest applying 1-2 ounce of sunscreen with at least an SPF of 15, 20 minutes before going outdoors to help the skin absorb it well, and reapplying every two hours.
In fact, out of the five mineral sunscreens tested, only two met their SPF claims.
Among lotions, the best-performing product was Coppertone's Water Babies SPF 50.
Both UM (5- to 10-year) and SPF (5-year and 10-year) expectations were quite stable over 2012.
Products are irradiated with a full UVA and UVB spectrum equivalent to the in vivo SPF of the sunscreen (e.
From December on there will be no more sunscreens with incredibly high SPF claims of 80, 90 or even 100, because the FDA says there is no scientific indication that a higher value offers greater protection.
According to EUPOL COPPS' SPF adviser, results exceeded initial expectations, as the trainees showed technical capability and maturity despite their young age.
Infused with natural botanicals, skin-nourishing oils and antioxidant vitamins, to keep skin healthy-looking and protected against the damaging rays of the sun, the Nature's Gate Sun Care Collection consists of: Sportblock SPF 50, Aquablock SPF 50, Kid'sblock SPF 50, Faceblock SPF 25, Mineral Sportblock SPF 20, Mineral Kid'sblock SPF 20 and Sunless Tanner.
In addition, a novel (lamellar/spherulitelike) inorganic sunscreen formulation was compared to two traditional inorganic sunscreen emulsions of comparable SPF level to determine their spreadability on infant skin.
Stainless Pipe & Fittings Australia Pty Limited announced that it has continued its expansion of its operations with the opening of SPF Europe Srl on July 5th 2010.
Available in SPF 30 or 50, its 50ml size means there is no excuse for leaving it at home.
Which is why it can help to switch your usual moisturiser to an SPF day moisturiser in the morning instead, more so in the summer.