Full Text

factor

John O'Connell


Subject Business and Management » International Management


Extract

In general a factor is someone who carries out business activities. It is also a person or entity that sells or transfers property for a commission. In accounts receivable financing a factor is an entity that finances trade by purchasing the foreign accounts receivables of an exporter. Since collection of receivables entails some risk, receivables are purchased at a discount to cover the additional risk taken on by the factor. In some countries (e.g., Great Britain) a factor is an export intermediary charged with selling the exporter's goods or services. The factor actually takes title and possession of goods for resale to foreign markets in the factor's own name. ... log in or subscribe to read full text

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The Blackwell Encyclopedia of Management



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