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 TAF Coordinating Committee reserves the right to award up to 15 fellowships but there is a possibility that no fellowships will be awarded in any of the categories in the program.
We have finalized developments plans for key ARVs from our first sub-licence in 2011 and appreciate our continued role in providing promising new products such as TAF to low and middle-income countries in the future.
TAF is expected to complete two Airbus A380 deals with "major airlines" within weeks, according to comments from Kuzbari.
Starting now, TAF is asking you to add the tagline "It can wait, is it worth a life?
If the increase in the LIBOR/T-bill spreads was the consequence of an increase in the credit risk premium, the TAF would have no effect on it.
The rebels have long used northern Iraq as a springboard for hit-and-run attacks on TAF targets in a campaign for autonomy in Turkey's Kurdish-dominated south-east.
TAF remains faithful to its grant-making role, steadily building
Once they have had them professionally fitted they can reclaim, in full, the cost from the TAF.
In each study, a total of 840 patients will be randomized (1:1) to receive a once-daily tablet containing TAF 10 mg/elvitegravir 150 mg/cobicistat 150 mg/emtricitabine 200 mg (n=420) or Stribild (n=420).
Applications for the TAF are due on February 2, 2015, and fellows will be announced on April 3, 2015.
The Gilead-MPP agreement aims to fast-track the production of low-cost versions of TAF for low- and middle-income countries soon after its approval in the United States," said Greg Perry, Executive Director of the Medicines Patent Pool.
TAF will be managed by Dubai-based Novus Aviation Capital.