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 ?
In fourth operation ANF Peshawar intercepted a parcel at Bilal Dewoo Bus Stand near Haji Camp Peshawar and recovered 600 grams Hashish.
In fifth operation ANF Peshawar arrested accused identified as Azmat Khan, resident of Kurram Agency, at Peshawar International Airport on suspicion of ingested narco filled capsules in his stomach, admitted in Hayatabad Medical Complex for delivery of capsules.
The ANF also organised high level Inter Agency Task Force meetings for all law enforcement agencies, that it chaired at the ANF Headquarters in Rawalpindi, to consider challenges related to prevalent drug trafficking, synergising counter-narcotics operations, fine tuning coordination and cooperation among law enforcement agencies for effective control and to accrue the maximum benefit from the jurisdiction of respective departments.
In another operation, ANF Peshawar arrested three drug traffickers including Faisal Wali, Shafat Ullah and Syed Ibrahim, all residents of Peshawar, recovering 1.
ANF Immobilier is a French real estate investment company which owns a diversified portfolio of French office, retail, hotel and residential properties.
The ANF Federal Office publishes two nursing journals:
In third operation ANF Peshawar recovered 200 Grams Heroin from personal possession of the accused identified as Haroon Khan, resident of Khyber Agency.
In Seventh operation, ANF Rawalpindi intercepted a Toyota Double Cabin at KFC, F-10 Markaz, Islamabad and recovered 6 Kg Heroin which was tactfully concealed under seats.
He informed that during 2017, ANF registered 1172 cases, arrested 1338 persons including 27 foreign nationals involved in drug trafficking, seized 164.
In addition, ANF Rawalpindi arrested two lady drug traffickers, recovering 2.
The ANF is affiliated to the Australian Council of Trade Unions (ACTU), International Centre for Trade Union Rights and Union Aid Abroad--APHEDA (Australian People for Health, Education and Development Abroad) which is the overseas aid agency of the trade union movement.
The financial-services firm also boosted its 12-month price target on ANF to 57 from 36 (the stock is currently trading around the 46 level).