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 ?
Is the PIS significantly related to other familial factors that have been theoretically linked to parent involvement?
Familial factors associated with the family structure and familial interrelations, as well as with familial sociopathology, make certain children and adolescent groups more prone to drug addiction as compared to their peers.
of age are better predictors than are familial factors.
The use of twin data helps to evaluate possible familial factors affecting risk.
These findings indicate that further exploration of familial factors in late adolescent and young adult intimacy is warranted.
They examined data from a large community-based sample of twins (University of Washington Twin Registry) to probe the relationships between specific pain diagnoses and symptoms and obesity, depression, and familial factors.
Diagnosis of Alzheimer's disease often is influenced by social and familial factors as well as purely clinical ones: for example, some patients may be more adept than others at compensating for their impairment in the disease's earlier stages.
Still also said that while genetics can play a role in obesity, other familial factors could be major contributors to this health issue.

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