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 ?
Interestingly, the VILD values within the uncertainty region around each TGF (Fig.
4d) is associated with atmospheric instability from the presence of Tropical Cyclone Andrea in the Gulf of Mexico with the TGF located over the storm's rainband.
2010); the values for the TGF storms are consistent with the values for other days of the months in which the TGFs occurred.
Despite the caveats in interpreting the NEXRAD products, the consistency of the results herein supports the interpretation that a relatively higher EET value around the TGF location is a common characteristic, while conversely there is no standard convective strength.
Because the geolocation uncertainties are larger than the spatial resolution of the next NEXRAD data, we cannot identify the specific NEXRAD pixel that corresponds to each TGF.
Overall, the EET distribution for the TGF geolocation uncertainty regions shows a clear propensity for values higher than ~12 km (Fig.
maximum, median, or 25% percentile), the VILD values in TGF geolocation uncertainty regions demonstrate that storms that are defined as (relatively) shallow or deep convection can still produce a TGF (Fig.
3; Table 1) warrants additional research since this value might be biased by the preference of current spaced-based TGF instruments for high-altitude TGFs.
As a result, calculations of the worldwide TGF rate that rely on scaling of the TGFs detected from space are likely underestimates.
2013), correlated with gamma ray instruments, will provide additional accurate TGF locations, along with new measurements of TGF-associated lightning.
Collier, 2015: Observation of a TGF from the convective core of a thundercloud.