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 ?
3] is again referred to as the correction factor as in the previous two applications.
The correction factor was assessed as sufficient or insufficient after taking into account the population of the municipality and the probability of occurring at least one infant death in the triennium 2011-2013 in municipalities with small population counties.
Corrected relative abundance incorporates a persistence-rate correction factor estimated by scat removal experiments.
Tables 3 and 4 contain the capacity and COP correction factor coefficients, respectively, for the generalized mapping described in this study.
The various reports referenced above indicate a correction factor no smaller than 0.
In summary, the SATS would propose that a correction factor of 0.
Each sensor node uses the anchor node's correction factor which has the shortest step from it.
A technical validation was established for future CFD models, using experimentally derived correction factors, for blending of tracers in tanks.
To determine stress on each instant is applied a correction factor called Bulge Correction Factor, C, to the average stress achieved in the axial mid-plane of the specimen deformed.
We state some results and conjectures about the weighted correction factors.
Rather than use direct consumption, we addressed the effect of this discrepancy with a correction factor that accounted for energy obtained from burning body fat stores in the breeding season.
Ablation and incisional techniques, wedge resections and thermal effects on collagen lamellae as well as riboflavin cross linking (as used in keratoconus treatment) all affect corneal biomechanics, making a single correction factor for GAT unrealistic.