Executor and Factor

noun

• A person appointed by a testator to carry out the terms of the will. .

• (n.) One who executes or performs; a doer; as, an executor of baseness.
• (n.) The person appointed by a testator to execute his will or to see its provisions carried into effect, after his decease.
• (n.) An executioner.

EXECUTOR is a legal entity, frequently an individual, known before death to a testator, who is named in the testator's will to carry out the desires of the deceased after his death as designated in the will. Executors must be approved by the court of law probating the will. An executor pays all indebtedness as claimed by creditors of the estate, with the approval of the court of law, and then carries out or executes the will according to the terms set forth by the testator.

noun

• Anything that contributes causally to a result.
  • usage: "a number of factors determined the outcome"
• An abstract part of something.
  • usage: "jealousy was a component of his character"; "two constituents of a musical composition are melody and harmony"; "the grammatical elements of a sentence"; "a key factor in her success"; "humor: an effective ingredient of a speech"
  • synonyms: component, constituent, element, ingredient
• One of two or more integers that can be exactly divided into another integer.
  • usage: "what are the 4 factors of 6"
  • synonyms: divisor
• A businessman who buys or sells for another in exchange for a commission.
  • synonyms: agent, broker
• Any of the numbers (or symbols) that form a product when multiplied together.
• An independent variable in statistics.
• Genetics) a segment of DNA that is involved in producing a polypeptide chain; it can include regions preceding and following the coding DNA as well as introns between the exons; it is considered a unit of heredity. (
  • usage: "genes were formerly called factors"
  • synonyms: gene, cistron

verb

• Resolve into factors.
  • usage: "a quantum computer can factor the number 15"
  • synonyms: factor in, factor out
• Be a contributing factor.
  • usage: "make things factor into a company's profitability"
• Consider as relevant when making a decision.
  • usage: "You must factor in the recent developments"
  • synonyms: factor in, factor out

• (n.) One who transacts business for another; an agent; a substitute; especially, a mercantile agent who buys and sells goods and transacts business for others in commission; a commission merchant or consignee. He may be a home factor or a foreign factor. He may buy and sell in his own name, and he is intrusted with the possession and control of the goods; and in these respects he differs from a broker.
• (n.) A steward or bailiff of an estate.
• (n.) One of the elements, circumstances or influences which contribute to produce a result; a constituent.
• (v.t.) To resolve (a quantity) into its factors.
• (n.) One of the elements or quantities which, when multiplied together, from a product.

1. The percent of the original face of an MBS pool that remains outstanding at any given time is called the current' factor'. Principal payments, made by the borrowers, reduce the original face every month. Thus there is a new current factor each month. The current face is always equal to the product of the original face times the current factor. 2. An individual or firm that purchases accounts receivable from firms in need of working capital. Usually, a specialized financial firm engaged exclusively or almost exclusively in factoring.