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 ?
Being a pioneer squadron of AW-139 helicopters in PAF , it would also serve as a conversion unit for the young pilots to train them on this system.
Air Commodore Sattar Alvi (Retd) is a celebrated fighter pilot of PAF who single-handedly shot down the Israeli mirage aircraft while flying a vintage Syrian Air Force Mig-21 aircraft, during 1974 Arab Israel war, and thus became the one and only pilot in the history with this rare feat.
The Air Chief told that PAF started making weapons itself after America stopped the supply.
Duterte reiterated his support for the continued modernization of PAF.
In the high-tech category, the PAF needs to diversify its sources.
The majority of its actions are due to its interaction with PAF receptor (PAF-R), a specific G-protein-coupled transmembrane receptor (2).
The case was taken to court when the Alandic government gave PAF the right to open the site, interpreting the law as saying that Internet gambling takes place where the server on which the site is stored is located and not at the player's location.
Mill's version of PAF still protects freedom of discussion in the classroom but wards off the widely held nonsense that universities are committed to value-indifference.
In the Under-11 category Miuhammad Hanif PAF beat Mohammad Shoaib Afzal of KP by 3-2, the score was 11-7, 6-11, 11-9, 3-11, 12-10 in the other semi-final of same category Abdullah Nawaz of PAF beat Zurair Nadeem PB by 3-0 score was 11-6, 11-5, 11-1 .
Air Marshal Asghar Khan headed the PAF diligently and with courage.
As a result of these efforts, PAF was able to equip itself with the required capabilities and trained its personnel for undertaking these operations.
PESHAWAR -- PAF and PIA will face each other in the final after registering victories against their respective rivals in the semi-finals of the ongoing All-Pakistan Shama Challenge Football Cup being played at Sumbal Khan Football ground, Qayyum Sports Complex on Tuesday.