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 ?
To know whether NAF is better than OAF or not, we only have to consider the difference.
In this study the surgical procedure used to close the OAF was buccal advancement flap.
Furthermore, estimates of OAF determined from temperature measurements were improved by nearly a factor of four.
The OAF campaign was not a traditional military conflict.
Gull-day-looks nicked under font dour oaf day ladle coat hedge, bat known an sired.
Jamming a needle in your backside while hiding in a clubhouse bathroom stall is the act of an oaf, a dullard and a coward.
Perhaps your phone poll will decide that, as a showbiz celebrity, Jools Holland should not be included in the Birthday Honours list - but to call himan oaf is very wide of the mark
Consider: a friendly oaf of a werewolf, an elderly black man who appears in several incarnations to help Jack, a school for runaway boys run by a veritable demon, and a villainous uncle who has designs on being a power broker in both worlds, and you have some idea of the innovative creations here.
At 31 the unemployed oaf is the father of eight by five different women and as a consequence costs pounds 56,000 a year in benefits.
The UK patent was granted in May 2007, and with worldwide patents pending, the biotechnology unit incorporates three decontamination technologies to overcome their inherent individual shortcomings, says Tri-Air Developments: non-thermal plasma; ultraviolet catalysis; and OAF (Open Air Factor).
But the bullet points are that a treacherous oaf called Lord Ashcroft spent PS8million funding the Tories, expected a top job in return and when Davie C didn't deliver, he resorted to vengeance involving a book, a sausage and a pig's head.
The OAF is a US$50-million fund that aims to support small and medium businesses (SMBs) operating in some selected West African countries.