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 an exclusive interview with the Sunday Mirror, FSF chairman Clarke said: "We have have come under pressure from our members to target the sponsors as well as the Premier League and the 20 clubs and that will be one of the topics of debate at our meetings.
Manchester United fans began their 'Keep Saturday Special' protest at the Fulham game when 5,000 leaflets were distributed and the FSF Parliament protest is the next stage of the campaign.
The FSF has been, and will continue to be, at the apex of the movement to promote and defend free software ideals, " said Marten Mickos, CEO of MySQL AB.
FSF President and founder, Richard Stallman, presented the award to Professor Lawrence Lessig for promoting understanding of the political dimension of free software, including the idea that "code is law".
Continued Mickos, "Everyone who uses Open Source and Free Software owes the FSF more than a debt of gratitude.
In our brief, Eben Moglen, FSF Board Member and General Counsel, wrote: "The constitutional importance of the 'limited Times' restriction cannot be vitiated .
THIS week FSF Towers has been reeling with the latest news of football's financial tsunami.
The FSF has worked since its inception in 1985 to promote freedom for computer users to share and change software.
Since Progress did previously distribute in violation of the GNU GPL and thus did harm MySQL AB and the Free Software community, the FSF expects MySQL to prevail at trial on these claims.
We believe actions such as this press release by the FSF violate basic ethics regarding due process of law and can only harm the open source community by alarming commercial users of open software.
Many times, the FSF has enforced the GNU GPL in such situations, when our copyrights were at stake.
Accompanied by FSF general secretary Saeedullah Qabaili, senior vice-president Mohammad Akbar Bajauri, vice president Faisal Mohmand and leader Khan Bahadur Wazir, he said many of Fata's educated youths were jobless as the government didn't recruit them in own departments.