Legal Definition and Related Resources of Factoring

A system involving notice to trade debtors which is confined principally to the textile industry. Corn exchange Nat. Bank & trust Co., Philadelphia v Klauder, 318 U.S. 434, 63 S.Ct. 679, 87 L.Ed. 884. The purchase of accounts receivable from a business by a factor who thereby assumes the risk of loss in return for some agreed discount . Manhattan Factoring Corp. v Orsburn, 385 S. W.2d785, 238 Ark. 947.

Sale of a firm’s accounts receivable to a financial institution known as a factor.

Sale of an accounts receivable balance to buyers (factors) that are willing and able to bear the costs and risks of credit and collections.

Browse or run a search for Factoring in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.

Factoring in Historical Law

You might be interested in the historical meaning of this term. Browse or search for Factoring in Historical Law in the Encyclopedia of Law.

Search for legal acronyms and/or abbreviations containing Factoring in the Legal Abbreviations and Acronyms Dictionary.

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Mentioned in these terms

Garnishment.

Factoring in Law Enforcement

Main Entry: Law Enforcement in the Legal Dictionary. This section provides, in the context of Law Enforcement, a partial definition of factoring.

Resources

See Also

• Law Enforcement Officer
• Police Work
• Law Enforcement Agency

Further Reading

• factoring in A Dictionary of Law Enforcement (Oxford University Press)
• factoring in the Encyclopedia of Law Enforcement
• A Treatise on the Police of the Metropolis

Factoring Definition (in the Accounting Vocabulary)

The New York State Society of Certified Public Accountants offers the following definition of Factoring in a way that is easy for anybody to understand: Selling a RECEIVABLE at a discounted value to a third party for cash.

Concept of Factoring in the context of Real Property

A short definition of Factoring: Purchasing accounts receivable from a business at a discount.

Concept of Factoring in the context of Real Property

A short definition of Factoring: Purchasing accounts receivable from a business at a discount.