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Finance Dictionary and Glossary of Investment Terms
factor
Definition 1.
A firm engaged in the business of financing accounts receivable, an activity known as factoring.
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Definition 2.
1. A financial intermediary that purchases receivables from companies.2. In terms of mortgages, the ratio of principal outstanding to the original balance.
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Definition 3.
A financial institution that buys a firm's accounts receivable and collects the accounts.
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