Factor | mercantile agent | Britannica (original) (raw)

Learn about this topic in these articles:

agency relationships

• 
  In agency: The variety of Anglo-American agents
  The factor and the broker are the most common mercantile agents dealing in transactions involving personal property. The factor is entrusted with possession of the chattels to be sold, or the documents of title thereto, and is empowered to conclude the sale at the best price…
  Read More

functions

• In factoring
  Factoring is employed especially by highly seasonal industries to shift the functions of credit and collection to a specialized agency.
  Read More