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 ?
The in vivo sun protection factor (SPF) of the products was never in question, despite suggestions to the contrary in the popular media (and even in SAMF).
According to the FDA, SPF 15 blocks about 94 percent of the UVB (sunburn) rays, while SPF 30 blocks 97 percent and SPF values over 50 may block about 99 percent, but no sunscreen protects against 100 percent of UVB radiation.
To compare veneer thickness, 36 dry MPB veneer sheets (81.3 by 40.6 cm) and 36 dry control SPF veneer sheets (81.3 by 40.6 cm) were randomly selected.
DERMAdoctor Ain't Misbehavin' Sunscreen SPF 30 ($30, available at Sephora)
SPF roofing systems have good adhesion to a variety of substrates, including metal, wood, concrete, and built up roofing (BUR).
Most people don't follow these directions and may never achieve the SPF that's been achieved in a laboratory setting."
For instance, with most short-term interest rates dropping, the Survey of Professional Forecasters (SPF) had produced unusually high and one-sided forecast errors for the three-month Treasury-bill (T-bill) rate.
From SPF calculations, it was observed that both novel sunscreen filters showed high SPF number of 20.60 and 26.17 PABA methyl ester and PABA meth yl stearate respectively while PABA showed the low SPF number of 17.60 at the same concentration.
'We have received reports that there is about P1.7 trillion in SPF ...
Protection first Cosmetic products that contain an SPF are a great start, but nothing really beats the effectiveness of a focused sunscreen product with 30+ protection or higher.
Contract notice: framework agreement for the delivery of spf laboratory animals