A firm engaged in the business of financing accounts receivable, an activity known as factoring.
One who transacts business for another; an agent; a substitute; especially, a mercantile agent who buys and sells goods and transacts business for others in commission; a commission merchant or consignee. He may be a home factor or a foreign factor. He may buy and sell in his own name, and he is intrusted with the possession and control of the goods; and in these respects he differs from a broker.
A financial institution that buys a firm's accounts receivable and collects the accounts.
An entity that buys accounts receivable.
An agent holding goods belonging to a principal for the purpose of eventual sale. The agent has implied authority to sell them in his/her own name. May also be called a Mercantile Agent.
One who has received goods or merchandise for sale on behalf of another.
A company that purchases accounts receivable (invo... more
1. A partisan, adherent, approver. 2. One who acts for another; an agent, deputy, or representative. 3. One who deals with goods or money.
An agent who buys and sells goods on behalf of others for a commission.
(1) One who buys or sells goods in his own name, but acting as an agent for another. (2) One who buys accounts receivable at a discount.
A company that purchases accounts receivable (invoices) from a business
a businessman who buys or sells for another in exchange for a commission
a company that purchases receivables, giving your business an advance payment up front
a market intermediary that agrees to buy the accounts receivable from the firm at a discount for cash
a person acting as a mercantile agent (of the class known as general agents) employed to buy or sell goods for a commission
a type of agent who sells goods owned by another, called a principal
An agent for the sale of merchandise who may hold possession of the goods in its own name or in the name of its principal. It is authorized to sell and to receive payment for the goods.
A term which refers to a person or entity which, to facilitate accounts receivable financing, makes an outright purchase of the manufacturer's accounts receivable. The purchase and sale of the accounts receivable is called factoring.
A mercantile agent selling goods on behalf of a third party. A specialised entity or bank that purchases trade receivables at discount and also takes on the collection process and, in some cases, the associated risk when the factoring is 'without recourse'.
The funding source for the client. The company which purchases the accounts receivable (invoices) from the client.
Person who makes business transactions for another person; agent
The landlord's agent
A company that provides businesses with operating capital by purchasing their Accounts Receivable.
An agent who receives merchandise under a consignment or bailment contract, who sells it for the principal or in the factor's own name, and who is paid a commission for each sale.
An agent whose ordinary course of business is to sell goods with the possession of which he is entrusted by his principal. A debt factor is one who collects debts on behalf of a principal.
The company that purchases the accounts receivable (invoices) from a client. An advance payment is given that is between 70%-90% of the total value of the receivables. A small fee is charged and the remaining balance is released upon receipt of payment for all invoices.
A funding source that specializes in funding accounts receivable.
A financial institution that buys a firm's accounts receivables and collects the debt.
A factor is an agent who will, at a discount (usually five to 8% of the gross), buy receivables.
A company that provides operating capital to businesses by purchasing their accounts receivable.
Factors buy current receivables at a discounted rate, typically 10% to 25%.
A business agent.
To sell accounts receivable at a discount before they are due.
Agent who carries out business for someone on a commission basis; often a sort of debt collector.
As a verb, to factor is the act of buying or selling accounts receivable at a discount. As a noun, a factor is a company engaged in the buying of accounts receivable.
an agent of the East India Company who bought goods for shipment to Britain and elsewhere.
Lender that purchases borrower's accounts receivable and may extend funds to borrower prior to collection of receivables.