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 ?
Taylor and Williams (2008a) were the first to investigate whether the TAF had a significant effect on the LIBOR rate.
Legislative and Executive Branch Strengthening: TAF assists
the franchising subsidiary of NexCen Brands, stated, "The TAF store opening in Lebanon was a success, and the initial consumer response has been positive.
As part of the agreement, the MPP can sub-license TAF to generic drug companies in India and China, who may manufacture and distribute it in 112 developing countries.
The TAF Academy model presents a unique opportunity for businesses to directly impact public education in ways never before available.
Founded in 1991, TAF s mission is to invest in urban solutions to reduce greenhouse gas emissions and air pollution.
Now in its twentieth year, the Yankee Group TAF Survey evaluates adoption, buying behaviors and purchasing influencers of households across all demographic segments in the US to help vendors, carriers, service providers and retailers build strategies to gain a larger share of US consumer spending on technology products and services.
Safwan Kuzbari, President and CEO of Novus Aviation Capital, said that the announcement was imminent for another strategic bank to join TAF.
E[acute accent]Now in its 20th year, the Yankee Group TAF Survey evaluates adoption, buying behaviors and purchasing influencers of households across all demographic segments in the US to help vendors, carriers, service providers and retailers build strategies to gain a larger share of US consumer spending on technology products and services.
M2 PHARMA-July 24, 2014-Gilead Sciences partners with the Medicines Patent Pool to expand access of TAF for HIV treatment in the developing world
The Yankee Group report, "2003 TAF Survey Findings Highlight the Consumer Market's Competitive Challenges," finds that U.
This unique agreement involving TAF and a third party insurer directly addresses our industry's challenges, greatly enhancing the value of Legend's solution and easing our customers' buying process" Says Legend CEO Randy Buchamer.