Definitions of "factor"
  1. An individual who carries out or oversees business transactions on behalf of another person or entity
  2. A business representative who purchases or sells products on behalf of other businesses in exchange for a fee or commission
  3. An entity that provides loans to producers or merchants, using their outstanding invoices as collateral
  4. A person or object that actively plays a role or has influence in achieving a specific outcome
How to use "factor" in a sentence
  1. The company hired a factor to manage their buying and selling of products to optimize their profit margins.
  2. Several local businesses utilize the services of a factor to handle their financial transactions.
  3. The small business relied on the factor to lend them money using their unpaid invoices as security.

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