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 remainder of the book describes how events preceding OAF influenced NATO and U.
where OAF is the ratio of outdoor airflow to the total supply airflow rate, OAT is outdoor-air temperature and RAT is return-air temperature.
Unfortunately, I did not receive my promotion from Oaf to Dullard; therefore, you will have to settle for disclosure concerning tales of an Oaf.
Formally, his style of movement revels in wisps of narrative structure that unveil everything from the poetic cycles of life to precise characterizations of human types, "whether it be the oaf, the fighter, the lover, or the unlucky dreamer.
Wine over Gull-day-looks axed oaf sheik cud gopher awoke enter bag four rest, hire mutter wood hallways sign, "Sir teen lie knot
It is McAllister's life of quiet desperation set against Flicks rising star that causes McAllister to manipulate hapless oaf Paul (Chris Klein), an injured football hero, into running against Flick.
This is the Painter as anachronistic oaf, his heroic activity rendered vaguely risible.
When I get irritated with pomposity, I savor the humor: the bumbling oaf throws on clothes, a quick nod to decency and perhaps to the millions who would inherit the tradition, hearing it in their Sunday best.
Guide is to Increase Awareness, Involvement and Funds for Area Non-Profit Organizations Including OAF
8Da YESTERDAY'S SOLUTIONS WEE THINKER ACROSS: 7 Travail 9 Purse 10 Ensue 11 Grimace 12 Pit 13 Obliging 16 Footwear 17 UFO 19 Decried 21 Olive 22 Rough 23 Reliant DOWN: 1 Attempt 2 Falsetto 3 Base 4 Springer 5 Area 6 Beset 8 Legal tender 13 Outright 14 Nautical 15 Modesty 18 Adorn 20 Clue 21 Owls QUICKIE ACROSS: 1 Pack of cards 8 Sum 9 Rob 11 Treacle 12 Swirl 13 Urn 14 Pea 15 Winched 17 Foe 19 Once 21 Yoga 23 Idea 25 Flea 27 Bus 29 Freedom 31 Off 34 Tea 36 Alloy 37 Tugboat 38 Tee 39 Use 40 Expenditure DOWN: 1 Purr 2 Amen 3 Kicking 4 Fleece 5 Aisle 6 Drip 7 Sore 8 Stuff 10 Blame 16 Doe 18 Eye 20 Nab 22 Oaf 24 Drought 25 Float 26 Rested 28 State 30 Rhyme 32 Flee 33 Flex 34 Tour 35 Ease
His own new wife Jean (Zoe OAF isn't the Boyle) is finding out that turning into a housewife isn't entirely fulfilling either - especially when she's forced to admit that she's not pregnant any more but was afraid to tell him in case he backed out of the wedding.
The OAF is a US$50-million fund that aims to support small and medium businesses (SMBs) operating in some selected West African countries.