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 ?
As the model shows, acceleration factors have a strong direct influence on the subdiscipline's growth (signified by the double-plus sign).
Of course, other models exist that can be utilized for this purpose, but, since most of these models are based on empirical information from accelerated reliability tests of solder joints, the resulting acceleration factors should not differ significantly for models derived from solder fatigue data.
Parallel testing approaches allow engineers to extract the lifetime acceleration factors by testing a single structure made up of several devices.
Flash Networks' data acceleration includes patented technology that streamlines both application (HTTP) and transport (TCP) protocols, resulting in acceleration factors that exceed the competition's single layer approach.
This implies that the calculations of acceleration factors, as well as the temperature test profiles, have to be modified to match service conditions.
Ghaffarian points out: "[O]nly limited data and insight are available to determine acceleration factors and acceleration models for Pb-free.