Factor

Factor, a Latin word meaning "who/which acts", may refer to:

Commerce

Science and technology

Biology

Computer science and information technology

Factoring (finance)

Factoring is a financial transaction and a type of debtor finance in which a business sells its accounts receivable (i.e., invoices) to a third party (called a factor) at a discount. A business will sometimes factor its receivable assets to meet its present and immediate cash needs.Forfaiting is a factoring arrangement used in international trade finance by exporters who wish to sell their receivables to a forfaiter. Factoring is commonly referred to as accounts receivable factoring, invoice factoring, and sometimes accounts receivable financing. Accounts receivable financing is a term more accurately used to describe a form of asset based lending against accounts receivable.

Factoring is not the same as invoice discounting (which is called an "Assignment of Accounts Receivable" in American accounting – as propagated by FASB within GAAP). Factoring is the sale of receivables, whereas invoice discounting ("assignment of accounts receivable" in American accounting) is a borrowing that involves the use of the accounts receivable assets as collateral for the loan. However, in some other markets, such as the UK, invoice discounting is considered to be a form of factoring, involving the "assignment of receivables", that is included in official factoring statistics. It is therefore also not considered to be borrowing in the UK. In the UK the arrangement is usually confidential in that the debtor is not notified of the assignment of the receivable and the seller of the receivable collects the debt on behalf of the factor. In the UK, the main difference between factoring and invoice discounting is confidentiality.

Von Neumann algebra

In mathematics, a von Neumann algebra or W*-algebra is a *-algebra of bounded operators on a Hilbert space that is closed in the weak operator topology and contains the identity operator. They were originally introduced by John von Neumann, motivated by his study of single operators, group representations, ergodic theory and quantum mechanics. His double commutant theorem shows that the analytic definition is equivalent to a purely algebraic definition as an algebra of symmetries.

Two basic examples of von Neumann algebras are as follows. The ring L^∞(R) of essentially bounded measurable functions on the real line is a commutative von Neumann algebra, which acts by pointwise multiplication on the Hilbert space L²(R) of square integrable functions. The algebra B(H) of all bounded operators on a Hilbert space H is a von Neumann algebra, non-commutative if the Hilbert space has dimension at least 2.

Von Neumann algebras were first studied by von Neumann (1930) in 1929; he and Francis Murray developed the basic theory, under the original name of rings of operators, in a series of papers written in the 1930s and 1940s (F.J. Murray & J. von Neumann 1936, 1937, 1943; J. von Neumann 1938, 1940, 1943, 1949), reprinted in the collected works of von Neumann (1961).

Renaissance Learning

Renaissance Learning Inc. (RLI) is an educational assessment and learning analytics company that makes cloud-based educational software for use in Kindergarten through 12th grade. In 2011, the company was purchased by Permira. Renaissance Learning acquired Skynet, an instructional e-reading platform in 2013. Google Capital made a $40 million investment in the company at a $1 billion valuation in 2014. In March 2014 it was reported that private equity firm Hellman & Friedman was acquiring Renaissance Learning for $1.1 billion in cash.

History

Accelerated Reader, the company's flagship product, was created in 1985 by Judith and Terrance "Terry" Paul, who founded the company in 1986 under the name "Advantage Learning Systems" (ALS). The company's name changed to "Renaissance Learning, Inc." (RLI) in 2001. At one time, the couple owned about 75% of RLI. In August 2011 the company was bought by the British company Permira. As of October 16, 2011, Renaissance Learning was no longer traded as a public company.

KNOW-FM

KNOW-FM (91.1 FM) is the flagship radio station of Minnesota Public Radio's "news and information" network, primarily broadcasting a talk radio format to the Minneapolis-St. Paul market. The frequency had previously gone under the call sign KSJN, but the purchase of a commercial station at 99.5 MHz in 1991 allowed MPR to broadcast distinct talk radio and classical music services.

History

WLOL (1330 AM) was purchased by MPR in 1980 and carried the KSJN call sign until 1989 when the KNOW letters became available. The AM signal was later spun off into a for-profit subsidiary to help fund the public broadcaster, and was eventually sold off. The station has since reverted to their original WLOL call sign.

In the 1970s, KSJN 91.1 FM and WLOL (99.5 FM) cooperated in an experimental use of quadraphonic stereo, with each station carrying two channels of audio. However, this "quadcast" had some undesirable "ping-pong" effects, much like early stereo broadcasts using the same method did. Somewhat ironically, KNOW currently broadcasts primarily in monaural as its schedule is not music-focused.