Factor (agent)
A factor, Latin for "doer, maker" (from Latin facit, "he/she/it does/makes"), is a mercantile fiduciary who receives and sells goods on commission (called factorage), transacting business in his own name and not disclosing his principal, and historically with his seat at a factory (trading post). A factor differs from a commission merchant in that a factor takes possession of goods (or documents of title representing goods) on consignment, whereas a commission merchant sells goods not in his possession on the basis of samples. Most modern factor business is in the textile field, but factors are also used to a great extent in the shoe, furniture, hardware, and other industries, and the trade areas in which factors operate have increased.
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Factor (agent)
A factor, Latin for "doer, maker" (from Latin facit, "he/she/it does/makes"), is a mercantile fiduciary who receives and sells goods on commission (called factorage), transacting business in his own name and not disclosing his principal, and historically with his seat at a factory (trading post). A factor differs from a commission merchant in that a factor takes possession of goods (or documents of title representing goods) on consignment, whereas a commission merchant sells goods not in his possession on the basis of samples. Most modern factor business is in the textile field, but factors are also used to a great extent in the shoe, furniture, hardware, and other industries, and the trade areas in which factors operate have increased.
has abstract
A factor, Latin for "doer, mak ...... s; this is known as factoring.
@en
Kommissionär ist die Bezeichnu ...... GND: 4134288-4 ru:Комиссионер
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740,760,937
comment
A factor, Latin for "doer, mak ...... actors operate have increased.
@en
Kommissionär ist die Bezeichnu ...... GND: 4134288-4 ru:Комиссионер
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label
Factor (agent)
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Kommissionär
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