factorage (Meaning)
factorage (n.)
The allowance given to a factor, as a compensation for his services; -- called also a commission.
Synonyms & Antonyms of factorage
No Synonyms and anytonyms found
factorage Sentence Examples
- The factorage system was widely used in the textile industry during the Industrial Revolution.
- The factorage system allowed merchants to control the entire production process, from the purchase of raw materials to the sale of finished goods.
- Under the factorage system, merchants provided capital and equipment to manufacturers, who were responsible for the actual production of goods.
- The factorage system gave merchants a great deal of power over manufacturers, who were often forced to accept low prices for their goods.
- The factorage system was eventually replaced by the factory system, which allowed manufacturers to produce goods more efficiently and at lower cost.
- The term "factorage" can also refer to a business that provides financial and other services to other businesses.
- Factorage businesses often provide services such as accounts receivable management, credit checking, and collection services.
- Factoring can be a valuable tool for businesses that need to improve their cash flow or reduce their credit risk.
- Factoring is a common practice in many industries, including manufacturing, retail, and transportation.
- The factorage industry is expected to continue to grow in the coming years, as more businesses look for ways to improve their financial performance.
FAQs About the word factorage
The allowance given to a factor, as a compensation for his services; -- called also a commission.
No synonyms found.
No antonyms found.
The factorage system was widely used in the textile industry during the Industrial Revolution.
The factorage system allowed merchants to control the entire production process, from the purchase of raw materials to the sale of finished goods.
Under the factorage system, merchants provided capital and equipment to manufacturers, who were responsible for the actual production of goods.
The factorage system gave merchants a great deal of power over manufacturers, who were often forced to accept low prices for their goods.
