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factory act.A statute that regulates workers’ hours, health, and safety. See FAIR LABOR STANDARDS ACT.[Blacks Law 8th]

factor’s lien.See LIEN.[Blacks Law 8th]

factor’s act.A statute protecting one who buys goods from a factor or agent by creating the presumption that the agent was acting on the owner’s behalf and with the owner’s approval. [Cases: Factors 58.][Blacks Law 8th]

factorizing process.A procedure or legal process by which a third party, rather than the creditor, attaches a debtor’s property; GARNISHMENT. — Also termed trustee process; process by foreign attachment. [Cases: Garnishment 1.] “In Vermont and Connecticut, the [garnishee] is also sometimes called the factor, and the process [of garnishing], factorizing process.” Charles D. Drake, A…

factorize (fak-t<<schwa>>-rIz), vb.1.GARNISH(2).2.GARNISH(3).[Blacks Law 8th]

factoring,n. The buying of accounts receivable at a discount. • The price is discounted because the factor (who buys them) assumes the risk of delay in collection and loss on the accounts receivable. [Cases: Factors 1, 5, 10. C.J.S. Agriculture §§ 163, 165, 178.][Blacks Law 8th]

factorage. 1. The compensation paid to a factor for his or her services. [Cases: Factors 44. C.J.S. Agriculture §§ 171–173, 176–177.] 2. The business of a factor. [Cases: Factors 1, 5.C.J.S. Agriculture §§ 163, 165, 178.][Blacks Law 8th]

factor,n.1. An agent or cause that contributes to a particular result < punishment was a factor in the court’s decision>.2. An agent who is employed to sell property for the principal and who possesses or controls the property; a person who receives and sells goods for a commission <a factor was employed to sell goods…

facto et animo (fak-toh et an-<<schwa>>-moh). [Latin] In fact and intent < taking possession facto et animo>.[Blacks Law 8th]

facto (fak-toh), adj. In or by the fact. See DE FACTO; IPSO FACTO.[Blacks Law 8th]