factor

(redirected from Daf)
Also found in: Dictionary, Thesaurus, Medical, Legal, Acronyms, Encyclopedia, Wikipedia.

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 ?
A donor must also receive an acknowledgment that indicates that the sponsoring organization "has exclusive legal control over the assets contributed." If your organization sponsors DAFs, you need to comply with this requirement.
Both Princess 77 and SWI-11 showed seven signatures not observed in other cultivars in the combined DAF and MHP-DAF studies, or 3% of all bands scored.
This is the main reason DAF initially opened their facilities in these areas.
Annual administrative fees for DAF accounts can be 0.6 percent, on top of investment management fees.
There is no time like the present to take full advantage of the DAF distribution aspect and to motivate donors and fund managers in light of the new tax law with its anticipated consequences on charitable giving in a fragile economy.
Daf gives Mary Berry a hand on the Christmas special
DAF trucks were also sold to municipal fleets in the UAE in significant numbers, and when ANGE conducted a survey of the active population of the vehicles - which again dated back to the 1990s - it found 1,000 vehicles still being operated across the emirates.
Last year, several national DAF providers numbered among the top U.S.
(About) DAF Enterprise, LLC is an integrated tooling and manufacturing company specializing in the design, development, and fulfillment of plastic molded products.
The original link with DAF had seemed like a lifesaver and undoubtedly kept me and many others in work for a number of years, but the truth was that DAF saw the Ward End Branch as a cash cow, and when they had taken all they could and were still going to the wall, we were on our own.