factor definition

factor definition

Glossary: factor

Factor, as a noun is a company engaged in the buying of accounts receivable. Factor, as a verb is the act of buying or selling accounts receivable at a discount.

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Business Consulting

Definition: factor

Factoring provides cash to your business with no time delay from issuing invoices as well as sales ledger and collection services.

Accounts Receivables Financing (Factoring): The balance, less charges, is paid when the customer makes payment directly to the factor.

Factoring Glossary - Define: factor - 2004 HJ Ventures International, Inc.