Factoring

Factor

Factor [fr. facteur, Fr.], a substitute in mercantile affairs; an agent employed to sell goods or merchandise consigned or delivered to him by or for his principal, for a compensation commonly called factorage or commission. Hence he is often called a commission-merchant or consignee; and the goods received by him for sale are called a consignment. He is a home factor when he resides in the same state or country with his principal, and a foreign factor when he resides in a different state or country. He differs from a broker in this, and he may buy and sell in his own name, and is entrusted with the possession and disposal of the goods, and has a special property in, and a lien on, them; yet neither can delegate his authority, unless conferred by usages of trade or the assent of his principal. Factors have no incidental authority to barter goods, or to pledge them for advances made to them on their own account, or debts due by themselves; but they may pledge them for advances made on a...

substantial factor

substantial factor : an important or significant factor that is not necessarily the only factor leading to a plaintiff's injury but is sufficient to have caused the injury by itself compare but-for ...

compensating factors

compensating factors factors that show the ability to repay a loan based on less traditional criteria, such as employment, rent, and utility payment history. Source: U.S. Department of Housing and Urban Development ...

factoring : the purchasing of accounts receivable from a business by a factor who assumes the risk of loss in return for some agreed discount ...

Factor

One who transacts business for another an agent a substitute especially a mercantile agent who buys and sells goods and transacts business for others in commission a commission merchant or consignee He may be a home factor or a foreign factor He may buy and sell in his own name and he is intrusted with the possession and control of the goods and in these respects he differs from a broker...

factor

factor [Medieval Latin, doer, maker, agent, from Latin, maker, from facere to do, make] 1 : one who acts or transacts business for another: as a : a commercial agent who buys or sells goods for others on commission b : one that lends money to producers and dealers (as on the security of accounts receivable) 2 : a person or thing that actively contributes to the production of a result [a difference in salary based on a other than sex] ...

factor's lien

factor's lien see lien ...

Factoring

The act of resolving into factors...

fudge factor

a term or factor inserted into a calculation to compensate for anticipated errors or to arbitrarily make the result conform to some desired conclusion...

Having regard to

Having regard to, the expression is not 'having regard only to' but 'having regard to'. These words are not a fetter; they are not words of limitation, but of general guidance to make an estimate, Sitaram Sugar Co. Ltd. v. Union of India, AIR 1990 SC 1277 (1290): (1990) 3 SCC 223. [Essential Commodities Act (10 of 1955), s. 3(3C)]It indicates that in exercising the power, regard must be had also to the factors enumerated together with all factors relevant for exercise of that power, India Cement Ltd. v. Union of India, AIR 1991 SC 724 (730): (1990) 4 SCC 356.The words 'having regard to' used in the section do not restrict the consideration only to two matters indicated in the section as it is impossible to arrive at a conclusion as to reasonableness by considering only the two matters mentioned isolated from other relevant factors. It is neither possible nor advisable to lay down any decisive tests for the guidance of the Income-tax Officer. The satisfaction depends upon the facts of e...

Factoring - Law Dictionary Search Results