A factor is a company that provides long-term financing to firms by purchasing the firm's bonds and other long-term securities at a discount.

Name: A factor is a company that provides long-term financing to firms by purchasing the firm's bonds and other long-term securities at a discount.
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A factor is a financial intermediary that purchases receivables from companies, typically offering short-term financing, not long-term financing through purchasing bonds and other long-term securities.

A Factor Is a Company That Provides Long-Term Financing to Firms