Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

factor

Read a random definition: direct cause

A quick definition of factor:

A factor is a reason or cause that leads to a certain outcome. It can also refer to a person or company hired to sell someone else's property, or to someone who buys accounts receivable in exchange for immediate cash.

A more thorough explanation:

A factor is a cause or reason that contributes to a result. For example, lack of sleep can be a factor in poor academic performance.

A factor can also refer to an agent hired to sell property on behalf of its owner. The factor is given control and possession of the property from the start of the sale period until either the time of sale or the end of the agency relationship. For instance, a homeowner may hire a real estate agent as a factor to sell their house.

Another meaning of factor is someone who buys accounts receivable in exchange for a lump sum of money. The factor acquires rights to the future income stream from the accounts receivable, and the seller acquires immediate cash to fuel its business. For example, a small business may sell its accounts receivable to a factor to get cash quickly to pay its bills.

These examples illustrate how a factor can be a cause or reason for something, an agent hired to sell property, or someone who buys accounts receivable for immediate cash.

fact pleading | factor's lien

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
LSD+ is ad-free, with DMs, discounts, case briefs & more.