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 ?
Volunteers who met the inclusionary criteria were given a 30-day supply of Transfer Factor Multi-Immune (TFMI), a polyvalent transfer factor preparation supplied by Researched Nutritionals (Los Olivos, CA).
Variations in transfer factor among the different vegetables may be attributed to differences in the concentration of metals in the soil and differences in element uptake by different vegetables [28].
1991) Effect of Exercise on Lung Transfer Factor for CO in Smokers.
He is also accused of giving one child an experimental drug cocktail called Transfer Factor with a view to it being developed as a new measles vaccine.
This one-fifth bioaccumulation and egg transfer factor is well within the range found for other fat-soluble contaminants.
23% had a restrictive pattern, and 15% had isolated transfer factor impairment.
From Eq 9, the transcription height h can be thought of in terms of a heat transfer factor during the filling stage and an initial temperature setting factor such as the melt and mold temperatures.