MLchartDataset catalogue

Factor

Term · Law · MLC-T-LAW-002027

A commercial agent who receives goods on consignment and sells them on behalf of the principal, typically receiving a commission. In finance, a factor is a company that purchases accounts receivable from businesses at a discount. This provides immediate cash flow to the selling business.

Table 1. Record
IdentifierMLC-T-LAW-002027
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-002027",
  "term": "Factor",
  "field": "Law",
  "definition": "A commercial agent who receives goods on consignment and sells them on behalf of the principal, typically receiving a commission. In finance, a factor is a company that purchases accounts receivable from businesses at a discount. This provides immediate cash flow to the selling business.",
  "url": "https://mlchart.com/terminology/law/factor/"
}

Record 1,925 of 5,441 in Law terminology (MLC-0107). Request the full dataset.