Background for factoring

factoring

/ˈfæktərɪŋ/ /ˈfæktɚɪŋ/

Illustration factoring - Image 1

verb

To find all the factors of (a number or other mathematical object) (the objects that divide it evenly).

Examples :

"In math class, we are learning how to solve equations by factoring them into simpler expressions. "

Illustration factoring - Image 1

verb

(of a number or other mathematical object) To be a product of other objects.

Examples :

"The number 12 factors into 2, 2, and 3. "

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verb

(commercial) To sell a debt or debts to an agent (the factor) to collect.

Examples :

"The small business was struggling with cash flow, so it considered factoring its invoices to get paid sooner. "

business finance commerce

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noun

A financial transaction whereby a business sells its accounts receivable to a third party (called a factor) at a discount.

Examples :

"The company used factoring to raise cash quickly for its upcoming school project. "

business finance economy

Illustration factoring - Image 1

noun

The process of factorization.

Examples :

"The factoring of the budget was crucial for the family to stay within their means. "