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factor
(redirected from factored)

    Also found in: Dictionary/thesaurus, Medical, Legal, Encyclopedia, Wikipedia 0.06 sec.
Factor
1. A financial intermediary that purchases receivables from companies.

2. In terms of mortgages, the ratio of principal outstanding to the original balance.

Notes:
1. The sale of accounts receivables is called factoring.

Factor
A financial institution that buys a firm's accounts receivable and collects the accounts.
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.
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? Mentioned in ? References in periodicals archive
 
6 billion in receivables were factored in 1995 ($40 billion by banks), says Bruce Jones, deputy executive director of the Commercial Finance Association in New York City.
Need money fast? Convert accounts receivable to cash to finance your ... by Huggins, Sheryl E. / Black Enterprise
This sets a record for the largest number yet factored by the general version of the technique.
Major-league sieving for faster factoring by Peterson, Ivars / Science News
If I weren't factored, I would have to have a whole staff to do that.
Factors keep factories rolling in garment industry by Howard, Bob / Los Angeles Business Journal
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