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Definition of "factoring" []

  • A financial transaction whereby a business sells its accounts receivable to a third party (called a factor) at a discount. (noun)
  • Present participle of factor. (verb)

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Use "factoring" in a sentence
  • "Sears representatives played down the decision by CIT Group Inc., the largest U.S. provider of what are known as factoring services for vendors, saying the payables the firm had financed amounted to only about 5% of the retailer's inventory."
  • "The other thing that they're not factoring is there's no guarantee that any oil exists there."
  • "Finnvera granted the company a counter-cyclical guarantee of EUR 1.5 million, and EUR 2 million of long-term financing and EUR 1 million of a short-term factoring credit were received from a Finnish bank."
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