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 ?
Santoro, Determination of Sun protection Factor (SPF) of sunscreens by ultraviolet spectrophotometry, Bra.
Take-home point 5: The in vivo sun protection factor (SPF) of the sample of products tested on healthy human volunteers is reliable, but they must be re-applied regularly as recommended ...
In addition to the sun protection factor, the use of categories like weak', medium', strong' or very strong' protection also provide information about the level of protection offered by sunscreens.
Standing for sun protection factor, SPFs are being formulated into an increasing number of skin care products, ranging from daily moisturizers to antiaging products.
SAN DIEGO -- No matter what sun protection factor sunscreen you recommend, remember that the SPF system has its limitations, Shanna Meads, M.D., advised at a melanoma update sponsored by the Scripps Clinic.
The Sun Protection Factor of a sun cream is an indication of the product's ability to protect you.
Three commonly available high sun protection factor creams, which stated they contained some UVA protection, did not offer sufficient protection against the release of free radicals, a RAFT spokeswoman stated.
A LEADING pharmacy chain is now refusing to sell any suncream that has a sun protection factor - SPF - of less than 15.
And while you're doing those things, also put on a broad-spectrum sunscreen, with a Sun Protection Factor (SPF) of at least 15, to absorb both UVA and UVB rays.
* Dermatologists recommend using sunscreen with a minimum SPF (sun protection factor) 15.
Veterinary company Bimeda, which is based in Anglesey, North Wales, said yesterday that the product has a sun protection factor of 23 and has been tested successfully on human skin.