Law Dictionary Definitions

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]

fact issue.See issue of fact under ISSUE(1).[Blacks Law 8th]

factio testamenti (fak-shee-oh tes-t<<schwa>>-men-tI). See TESTAMENTI FACTIO.[Blacks Law 8th]

faction. A number of citizens, whether a majority or a minority, who are united and motivated by a common impulse or interest that is adverse to the rights of others or to the permanent or aggregate interests of the community. • This definition is adapted from The Federalist, No. 10.[Blacks Law 8th]

fact-finding board.See FACT-FINDER.[Blacks Law 8th]

fact-finding. 1. The process of taking evidence to determine the truth about a disputed point of fact. 2.Int’l law. The gathering of information for purposes of international relations, including the peaceful settlement of disputes and the supervision of international agreements. • Examples of fact-finding include legislative tours and the acquisition of information required for making…