Home1842 Edition

FACTOR

Volume 9 · 101 words · 1842 Edition

in Commerce, is an agent employed by merchants residing at other places, to buy or sell goods, negotiate bills, or transact any kind of business on their account, and entitled to a certain allowance for his trouble.

A supercargo differs from a factor in this, that the business of the former is limited to the care of a particular cargo; he goes along with it, and generally returns when his business is completed; whereas the latter has a fixed residence abroad, and executes business for different merchants.

Multiplication, a name given to the multiplier and multiplicand, because they constitute the product.