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 ?
When considering the properties of factorable matrices, many authors have used methods similar to the methods for Riesz matrices (see for example [1,7,9,10]), which often generated quite lengthy proofs.
A simple PID regulator applicable for a class of factorable nonlinear plants, In: Proceedings of the American Control Conference Anchorage, 2354-2359, ISBN 0-7803-7298-0
In this paper we determine those H-J matrices which are also factorable.
Our numerical results show that three of the APBB algorithms, namely, APBB1, APBB2 and APBB3 are faster than the Lin algorithm, in particular, for large-scale, difficult, and exactly factorable problems in terms of CPU time used.
The data were factorable as evidenced by the Kaiser-Meyer-Olkin measure of sampling adequacy, which was r = .
At that time, Karlheinz even suggested that I could also use frequency ratios factorable by seven.
As the first author's work with the teachers indicates, such understanding results from one's conceptualization of the locus as an equivalent representation of the quadratic formula, including geometric interpretation of what it means for a discriminant of a quadratic equation to be a factorable or nonfactorable algebraic expression.