What is a factoring agent?

Answer by  Dean (4035)

A "factor" or "factor agent," which is redundant, is an individual who represents another individual or a company and acts on behalf of that entity. The title "factor" comes from a Latin word that means "he who does." The role is very close to that of an agent.

Answer by  Esme (535)

Factoring agent relieves a business's staff of some burden of processing accounts receivable. Factoring agent pays one half of bill and other half is paid by customer.