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 ?
Dermatologists recommend wearing sunscreen with a minimum sun protection factor of 15 on your face and hands every day, even if it's cloudy outside or you spend peak sunlight hours in an office.
Those with a sun protection factor (SPF) of 15 or more keep most of the sun's damaging rays away from the skin.
SPF is the only thing I need to look out for when buying sunscreen A sun protection factor (SPF) of at least 15 will protect you against UVB rays, which are responsible for most sunburns, but there are also UVA rays, which penetrate deeper into the skin, causing ageing.
Try its Anti-Ageing Face Suncare with a sun protection factor of 50 for pounds 25.
Seven of the products in the new line carry the Skin Cancer Foundation Seal of Recommendation and offer sun protection factor values that range from 30 up to 50.
So much so I'm often confused - 1 how high a sun protection factor (SPF) should I use on my children?
50, contains a sun protection factor of eight and can be washed off after each use.
Given the daily levels of UV exposure noted, Alpine skiers should consider the use of regular UV protection, including sunscreen of at least sun protection factor 30 with broad-spectrum coverage to minimize subsequent UV damage, according to the study.
Factors consumers believe are the most important benefits in purchase intent are sun protection factor, waterproof, value, form (lotion, oil, etc.
The Asda supermarket chain said that it had slashed the price of all sun protection in preparation for the summer but would not be following the normal practice of charging more for sun lotions and creams containing a high sun protection factor (SPF).
But a Consumers' Association survey found that only one in five people understood what the sun protection factor meant - and half the people quizzed complained that information on packaging was too confusing.
Experts recommend sunscreens with a sun protection factor, or SPF, of 15 or higher.