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 ?
Mr Anup Wadhva an engineer and management consultant in automation industry highlighted that transformation of critical mass of people is required to tilt the balance towards positivity in the society and TGF efforts are aiming towards the same.
Correlating this TGF sample with radio detections of WWLLN and the Earth Networks Total Lighting Network (ENTLN) (Liu and Heckman 2010), 877 TGF/radio associations are obtained (38% association rate).
On a consolidated basis, including TGF's proportionate share of structurally senior bonds at the SEGS solar projects and lease debt at Dixie Valley, we calculate that TGF's debt service coverage ratio (DSCR) in 2015 was 1.15x and funds from operations to debt (FFO/Debt) was around 3%.
Vice president of global franchises for TGF Jeff Khoury said the partnership will operate as TGF Bahrain.
TGF's vice-president of global franchises Jeff Khoury said the partnership, which will operate as TGF Bahrain, was part of a plan to expand the global footprint in emerging markets.
The 49.5 MW TGF wind farm located in southern Pakistan was developed by the China Three Gorges Corporation via a subsidiary company it set up in Pakistan.
Summary: Tawfik Gargour and Fils (TGF), exclusive agents for Mercedes - Benz in Jordan, Palestine, Lebanon, Syria and Baghdad, invited their V.I.P.
The managing director of Total Jordan, Arnaud Guichard, and the chairman of TGF, Nadim Gargour, signed an agreement committing the deal at the Gargour Showroom on July 9.
These results further support the hypothesis that Pb influences chondrogenesis directly and influences chondrogenic regulation induced by BMP-2 and TGF [beta].
The BMPs are subset of the transforming growth factor (TGF) [beta] superfamily of dimeric, disulfide cross-linked growth and differentiation factors.
TGF beta 1 and TGF beta 2 are potential growth regulators for low-grade and malignant gliomas in vitro: evidence in support of an autocrine hypothesis.