factor

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Factor

A financial institution that buys a firm's accounts receivable and collects the accounts.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

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.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

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.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
Duterte reiterated his support for the continued modernization of PAF.
Meanwhile, the PAF should continue to maintain an aggressive posture against India in its concept of operations, targeting philosophy and well-integrated employment of air power supporting the surface forces.
That's precisely why universities are falling down when they defend their practices not by argument about their substantive merits but instead willy-nilly by the PAF gambit: "Although there might be difficulties with this, academic freedom constrains me or you from evaluating it." Universities should be the last place in America where waving a magic wand over a problem is preferred to thinking about it.
Sakhiullah Tareen (PAF) beat Raja Sikandar (PB) 11/4,11/2,11/5 (15 mins), Zuraiz Naeem (PB) beat Shehreyar Saleem (PB) 11/5,11/4,11/8 (17 mins),Varun Asif (PB) beat Huraira Khan (PAF) 11/3,11/4,12/10 (18 mins), Omar Arshad (PB) beat Rana Zohaib (PB) 11/5,11/6,11/9 (16 mins), Mehmood Mehboob (PB) beat Abdul Basit (Sindh) , 11/3,11/8,12/10 (20 mins), Abdullah Nawaz (PAF) beat Saim Asif (PB) 11/5,11/8,11/2 (18 mins), Obaidullah Afzal (PAF) beat Mobeen Khan (PAF) 11/6,10/12,11/9,11/1 (22 mins), Abdullah Nadeem (PB) beat Mohammad Zaman (Sindh) 10/12,11/7,11/7,11/7 (28 mins).
The visiting guest paid homage to the martyrs of PAF by laying floral wreath on Martyrs' Monument.
F-7PGs were first inducted into the PAF in 2002 as a replacement for the F-6, which were then decommissioned.
The air chief expressed his full resolve to protect and defend Pakistan's airspace against any threat, said a statement issued by PAF spokesperson here on Friday.
In the timeframe approaching January 2008, PAF undertook operations in support of Pakistan Army in South Waziristan under code name Operation Tri Star.
He said that the technical aspect would be looked after by the country's renowned sailing official Capt (Retd) A R Arshad, who is also Race Officer from Pakistan with Wing Commander Adeel Aslam Khan (General Secretary PAF Yacht club).
KARACHI -- 'PAF response on 27 February 2019 against the enemy aggression will be remembered in history as 'Operation Swift Retort', said Air Chief Marshal Mujahid Anwar Khan, Chief of the Air Staff, Pakistan Air force while addressing the 264th Air Staff Presentation meeting held at Air Headquarters Islamabad, today.
ISLAMABAD -- Non-operational military awards were conferred upon officers and airmen of Pakistan Air Force (PAF) during an investiture ceremony held at Air Headquarters here on Thursday.
ISLAMABAD -- The Capital Development Authority (CDA), which had recently notified no-height limit for high-rises, received a setback as the Civil Aviation Authority (CAA) has linked the construction of buildings with a non-objection certificate (NOC) from the Pakistan Air Force (PAF).