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).

Mission olive

The Mission olive is a cultivar of olive developed in California, by Spanish missions along El Camino Real in the late 18th century. The Mission olive has been included in the Ark of Taste, an international catalog of endangered heritage foods maintained by the Slow Food movement. It is also the only American olive cultivar listed by the International Olive Council in its World Catalogue of Olive Varieties. Although developed in the United States, Mission olives are also used by South African olive oil producers.

Description

Mission trees can reach heights of 40 and 50 feet (12 and 15 m). They produce small fruit, typically of around 4.1 grams (0.14 oz). It has the lowest flesh-to-pit ratio (6.5:1) and greatest cold resistance of any commercial cultivar in California. Mission olives are harvested for table use from late October through November; for oil production, they are harvested between mid-December and February. They are susceptible to peacock spot, a disease caused by the fungus Cycloconium oleaginum, and olive knot, a disease caused by the bacterium Pseudomonas savastanoi.

South Pasadena station

South Pasadena (formerly Mission) is an at-grade light rail station in the Los Angeles County Metro Rail system. It is located at the intersection of Mission Street and Meridian Avenue in South Pasadena, California. The station is served by the Gold Line.

This station features the adjacent station art sculpture "Astride-Aside" (2003) by artist Michael Stutz. The station has a 122 space park and ride lot and there is a fee to park.

Formerly serving the Atchison, Topeka and Santa Fe railroad, the original depot building was torn down in 1954 with the station's closure. The current structure was built with the reactivation of the line as a light rail station in 2003.

Station layout

Metro Rail service

Gold Line service hours are approximately from 5:00 AM until 12:15 AM daily.

Landmarks

References

External links

Media related to South Pasadena (Los Angeles Metro station) at Wikimedia Commons

Mission (LDS Church)

A mission of The Church of Jesus Christ of Latter-day Saints (LDS Church) is a geographical administrative area to which church missionaries are assigned. Almost all areas of the world are within the boundaries of an LDS Church mission, whether or not Mormon missionaries live or proselytize in the area. As of July 2015, there are 418 missions of the LDS Church.

Administrative structure

Geographically, a mission may be a city, a city and surrounding areas, a state or province, or perhaps an entire country or even multiple countries. Typically, the name of the mission is the name of the country (or state in the United States), and then the name of the city where the mission headquarters office is located. New missionaries receive a formal mission call, assigning them to a particular mission for the duration of their two years or eighteen months of service. Each mission has, on average, about 150 missionaries serving there.

Mission president

All missionaries serve in a mission under the direction of a mission president, who, like individual missionaries, is assigned by the LDS Church president. The mission president must be a married high priest in the Melchizedek Priesthood; his wife is asked to serve alongside him. In 2013 the mission president's wife was given additional leadership roles in the mission. Mission presidents are typically in their forties or older, and usually have the financial means to devote themselves full-time to the responsibility for three consecutive years. The church provides mission presidents with a minimal living allowance but it normally requires them to supplement it with their own funds. Often, the mission president must learn the local language spoken in the mission, as the missionaries do (although many mission presidents today have either previously served a mission in the mission language or speak the mission language as their native language).