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 ?
Multiple regression models, of predictive factors of ARF in children Predictive factors [beta] Standard Significance EXB([beta]) error Need of dialysis -3.
A negative predictive factor has recently been identified in tumours treated with antibodies directed against the epidermal growth factor receptor (EGFR).
There is increasing evidence of the role of human epidermal growth factor receptor (HER)2 overexpression in early breast cancer as a predictive factor for response to taxane-based chemotherapy either in the adjuvant or neoadjuvant setting.
Positive surveillance blood culture is a predictive factor for secondary metastatic infection in patients with Staphylococcus aureus bacteraemia.
chelonae infections in an immunocompromised host are disseminated in >50% of those infected; chronic use of steroids, even in low doses, seems to be the most important predictive factor for disseminated disease (1,2).
An elevated value of C-reactive protein is the only predictive factor of restenosis after percutaneous coronary intervention.
Quality of social support was a primary predictive factor for males, yet not females.
However, Hanley stresses that, "even though these new approaches are innovating and exciting, the single most important predictive factor remains proper selection of the patient.
Estrogen receptor (ER) status in breast carcinomas is a validated prognostic and predictive factor for managing a patient s anti-hormonal therapy.
The number one predictive factor regarding a return to work was whether the officer wanted to, which no formulation captures.
Only one predictive factor stood out in CRISP: patient age.
The single most predictive factor [in choosing a Caesarean] is physician convenience, not maternal choice.

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