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 ?
So returning to the question posed in the title, what should the role of human factors be?
Human Factors has been applied most frequently in nursing in the study and management of Patient Safety issues most notably medication safety, handover, hand washing, medical emergency early warning systems and in Root Cause Analysis (RCA).
In simple terms, human factors refers to how a person will interact with the system surrounding them, including the technology they use.
For devices where "the results of risk analysis indicate that use errors could cause serious harm to the patient or the device user," the EDA requires human factors and usability as part of the design control process.
This 2-day instructor-led training offers a thorough introduction to Report 600: Human Factors Guidelines for Road Systems, a National Cooperative Highway Research Program (NCHRP) report focused on road user needs, limitations, and capabilities.
Human factors professionals study how the limitations and capabilities of people, including memory, perception, reaction time, judgment, physical size, and dexterity, affect the way they interact with the environment, a product, or process.
Joao Siffert, the company is now working internally and with the FDA toward implementing changes prior to repeating the human factors study.
I: I came from a traditional academic environment to the University of Southern California where the human factors department was housed in a multidisciplinary unit with engineering, safety, and management faculty.
A facilities human factors mishap is where personnel at a ship, air station, OLF or some other practice location are found causal.
Around the patient bed; human factors and safety in health care.
Nova Southeastern University (NSU) and Fort Lauderdale-based Embraer Aircraft Holdings have partnered to strengthen the relationship between the manufacturer and academia, in their efforts to improve human factors research in aviation.
Brazilian airframer Embraer's (NYSE: ERJ) US-based Embraer Aircraft Holdings unit said it has partnered with Florida-based Nova Southeastern University (NSU) in as effort to improve human factors research in aviation.

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