Facility, Facsimile, Fax, Factor :




Facility : A building or an area used for some special kind of activity such as manufacturing plant, storehouse, etc.



Facsimile = Fax : An accurate or true copy. Fax means sending a copy of a document to some location that is geographically quite far off from the sending place by transmitting the data in a discrete or disconnected form over a telephone line.



Factor : Generally, a person, who is acting as an agent on the behalf of another person, in the normal course of business. Also any of the elements that go into the production of goods and services, as capital, labour, management and all of their constituent parts : When some of the receivable are bought at some discount or a part payment is given for them. Factoring provides instant cash flow or release from debt for the company, while providing the factor with a comparative security for the task performed.




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