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 ?
Most investigations of the efficacy of the TAF have relied on an event-study methodology (e.g., Taylor and Williams, 2008a,b, 2009; McAndrews, Sarkar, and Wang, 2008; and Wu, 2008), which has yielded mixed results.
The TAF says around 4,000 rebels are based just across the border in Iraq and that about 2,500 operate inside Turkey.
TAF remains faithful to its grant-making role, steadily building
Once they have had them professionally fitted they can reclaim, in full, the cost from the TAF.
The National Eisteddfod Committee recently met to consider expressions of interest to host the event and ratified Rhondda Cynon Taf as the host county.
The team responsible for the organisation and management of TAF is led by Novus Executive Vice Presidents Mounir and Hani Kuzbari.
Mae Awdurdod Addysg Lleol Rhondda Cynon Taf wedi datblygu dull trwyadl o helpu, monitro, ac asesu pob plentyn sydd mewn perygl o fynd ar ei oI hi o ran eu darllen.
In response Mr Gething, pictured left, announced that maternity services at Cwm Taf had been placed in special measures while the health board as a whole has been placed under targeted intervention.
A team of experts spent three days reviewing maternity services at the Royal Glamorgan Hospital in Llantrisant and Prince Charles Hospital in Merthyr Tydfil, both run by Cwm Taf University Health Board, between January 15 and 17.
Biopharmaceutical company Gilead Sciences (Nasdaq:GILD) said on Tuesday that it has submitted a (TAF) New Drug Application (NDA) to the US Food and Drug Administration (FDA) for tenofovir alafenamide, to treat adults with chronic hepatitis B virus (HBV) infection.
South Wales Central AM Pauline Jarman announced she was quitting the Assembly to concentrate on her role as leader of Rhondda Cynon Taf Council.
<B The 2022 National Eisteddfod will be held in Rhondda Cynon Taf Aled Llywelyn