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 ?
Dosis de factor IX por usar (UI/ kg)=aumento deseado del factor (%)
Intravenous infusions of factor IX protein prepared synthetically or from human blood can stop bleeding episodes, but the factor lasts only about 24 hours in the bloodstream.
Alprolix has been developed for haemophilia B by fusing factor IX to the Fc portion of immunoglobulin G subclass 1, or IgG1 (a protein commonly found in the body).
To test whether such an approach would work, Brinkhous, Woo, and their colleagues turned to a canine model - that is, dogs that produced no detectable amounts of factor IX and therefore suffered from hemophilia B.
According to CSL Behring, IDELVION delivers high-level protection maintaining factor IX activity levels above 5% in the majority of patients over 14-days.
The company claims that the drug is the first and only factor IX therapy that provides high-level protection with up to 14-day dosing in appropriate patients.
In the case of hemophilia for example, patients are missing the protein factor IX that causes blood to clot.
They have already taken the gene that codes for the production of human Factor IX (a blood protein lacking in certain forms of hemophilia) and fused it to the BLG gene in sheep--with an eye, it seems, toward extracting Factor IX along the whey.
Food and Drug Administration (FDA) has approved the Biologics License Application for REBINYN (Coagulation Factor IX (Recombinant), GlycoPEGylated) for the treatment of adults and children with hemophilia B.