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 ?
Table 3 shows the relationships between FSF and metabolic and lipid profiles after accounting for age, LOI, and TSI.
In this spirit, FSF also suggested that GPS overlay procedures, those that say "VOR or GPS" in the title should be eliminated in favor of a GPS-only approach with at least the same and preferably lower minimums.
"To address this issue and in the hope that this brings an end to the speculation, the chairman Ken Bates has completed the purchase of FSF Limited."
The goal is to provide advisor team leaders and commanders at the company and task force level a functional, systematic approach to combined operations with FSF.
FSF 1500 Polymer provides excellent cuttings encapsulation and well-bore stability.
The Football Supporters' Federation (FSF) Northeast Division members will be handing out flyers inviting comments from fans.
FSF, Wallsend (I did have this dream after Gazza's rumoured demise).
Global Banking News-27 August 2008-Israeli banks may need to sell CDOs to adhere to FSF guidelines(C)2008 ENPublishing - http://www.enpublishing.co.uk
Flight Safety Foundation announced a partnership with Aviation Safety Foundation-Australasia designed to "better spread the FSF safety message through Australia and Southeast Asia" and offer the Melbourne-based organization access to FSF resources and assistance.
The Free Software Foundation (FSF), established in 1985, is dedicated to promoting computer users' rights to use, study, copy, modify and redistribute computer programs.
The Flight Safety Foundation (FSF: Alexandria, VA), an organization that advocates for the improvement of aviation safety, will cease publication of all seven of its current periodicals and will launch "Aviation Safety World" magazine with an issue in July.