The word factors is a plural form of factor which refers to one of the elements contributing to a particular result or situation. The word may also refer to a business organization that lends money on accounts.

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what does factor mean

fac·tor

[fak-ter]

NOUN

1.

one of the elements contributing to a particular result or situation: Poverty is only one of the factors in crime.

2.

Mathematics one of two or more numbers, algebraic expressions, or the like, that when multiplied together produce a given product; a divisor: 6 and 3 are factors of 18.

3.

Biochemistry any of certain substances necessary to a biochemical or physiological process, especially those whose exact nature and function are unknown.

4.

a business organization that lends money on accounts receivable or buys and collects accounts receivable.

5.

a person who acts or transacts business for another; an agent.

Source:
Dictionary.com

Factor is anything that contributes causally to a result. In finance, it is a financial institution that buys a firm's accounts receivable and collects the accounts.

Factor is a number that can divided into a given number with no remainder. Therefore, when dividing the number into a given number, it divides evenly.

Factors are the numbers you multiply together to arrive at another number. For instance in the equation 2 x 8 = 16, the numbers 2 and 8 are factors of 16. The number 4 is also a factor of 16.

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