Meaning of the word factoring in English
What does factoring mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
factoring
US /ˈfæk.tɚ.ɪŋ/
UK /ˈfæk.tə.rɪŋ/
Noun
1.
a financial transaction whereby a business sells its accounts receivable (invoices) to a third party (called a factor) at a discount
Example:
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Many small businesses use factoring to improve their cash flow.
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The company decided to engage in factoring to manage its receivables more efficiently.
2.
the process of breaking down a number or polynomial into its factors
Example:
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In mathematics, factoring is a fundamental skill for solving equations.
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The teacher explained the steps for factoring quadratic expressions.
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