Posted by admin in Glossary

A factor is an agent or entity that purchases, at a discount, the accounts receivable of a client. Within parameters of the factoring agreement, the factor assumes the responsibility for collection of the receivables as well as some or all of the risk.

One Response to “Factor”

1. 1
   Factoring Pinged With: @8:08 pm 
   

   [...] Posted by admin in Glossary Factoring is the selling of a client’s accounts receivable to a factor, usually at a discount. Factoring can be with recourse or without recourse. In either case, the [...]

RSS feed for comments on this post. TrackBack URI

Name (required)

Mail (will not be published) (required)

Website