Copyright © Philip M. Parker, INSEAD. Terms of Use.

Factoring

Definition: Factoring

Factoring

Noun

1. (mathematics) the resolution of an integer or polynomial into factors such that when multiplied together they give the integer or polynomial.

Source: WordNet 1.7.1 Copyright © 2001 by Princeton University. All rights reserved.
 

 

Specialty Definition: Factoring

DomainDefinition

Computing

Eliminating duplicate literals in clauses. Source: European Union. (references)

Finance

A form of sales financing similar in nature to assignment credit in which the factor or factoring company(often the subsidiary of a bank)purchases the trade debts of its clients and collects them on its own behalf ; a method of financing by selling the debts owing to a person or business to a third party who collects them for his own account. Source: European Union. (references)
 (1) a method commonly used to compute the amount of interest to be refunded or credited because a loan is being paid off before maturity; (2) the selling by a firm of its accounts receivable before their due date, usually at a discount. (references)

Public Administration

A specialized financial function whereby producers, wholesalers and retailers sell their accounts receivable to financial institutions, including factors and banks. Source: European Union. (references)

Source: compiled by the editor from various references; see credits.

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Specialty Definition: Factorization

(From Wikipedia, the free Encyclopedia)

In mathematics, factorization or factoring is the decomposition of an object into a list of (smaller) objects, or factors, which when multiplied together give the original. For example, the number 15 factors into primes as 3 × 5; and the polynomial x2 - 4 factors as (x - 2)(x + 2).

The aim of factoring is usually to reduce something to "basic building blocks", such as numbers to prime numbers, or polynomials to irreducible polynomials. Factoring integers is covered by the fundamental theorem of arithmetic and factoring polynomials by the fundamental theorem of algebra.

Integer factorization for large integers appears to be a difficult problem. There is no known method to carry it out quickly. Its complexity is the basis of the assumed security of some public key cryptography algorithms.

A matrix can also be factorized into a product of matrices of special types, for an application in which that form is convenient. One major example of this uses an orthogonal or unitary matrix, and a triangular matrix. There are different types: QR decomposition, LQ, QL, RQ, RZ.

Source: adapted by the editor from Wikipedia, the free encyclopedia under a copyleft GNU Free Documentation License (GFDL) from the article "Factorization."

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Integer factorization

(From Wikipedia, the free Encyclopedia)

In mathematics, the integer prime-factorization (also known as prime decomposition) problem is this: given a positive integer, write it as a product of prime numbers. For example, given the number 45, the prime factorization would be 32·5. The factorization is always unique, according to the fundamental theorem of arithmetic. This problem is of significance in mathematics, cryptography, complexity theory, and quantum computers.

The complete list of factors can be derived from the prime factorization by incrementing the exponents from zero until the number is reached. For example, since 45 = 32·5, 45 is divisible by 30·50, 30·51, 31·50, 31·51, 32·50, and 32·51, or 1, 5, 3, 15, 9, and 45. In contrast, the prime factorization only includes prime factors.

Given two large prime numbers, it is easy to multiply them together. However, given their product, it appears to be difficult to find the factors. This is relevant for many modern systems in cryptography. If a fast method were found for solving the integer factorization problem, then several important cryptographic systems would be broken, including the RSA public-key algorithm, and the Blum Blum Shub random number generator.

Although fast factoring is one way to break these systems, there may be other ways to break them that don't involve factoring. So it is possible that the integer factorization problem is truly hard, yet these systems can still be broken quickly. A rare exception is the Blum Blum Shub generator. It has been proved to be exactly as hard as integer factorization. There is no way to break it without also solving integer factorization quickly.

If a large, n-bit number is the product of two primes that are roughly the same size, then no algorithm is known that can factor in polynomial time. That means there is no known algorithm that can factor it in time O(nk) for any constant k. There are algorithms, however, that are faster than &Theta(en). In other words, the best known algorithms are sub-exponential, but super-polynomial. In particular, the best known asymptotic running time is for the general number field sieve (GNFS) algorithm, which is:

For an ordinary computer, GNFS is the best known algorithm for large n. For a quantum computer, however, Peter Shor discovered an algorithm in 1994 that solves it in polynomial time! This will have significant implications for cryptography if a large quantum computer is ever built. Shor's algorithm takes only O(n3) time and O(n) space. Forms of the algorithm are known that use only about 2n qubits. In 2001, the first 7-qubit quantum computer became the first to run Shor's algorithm. It factored the number 15.

It is not known exactly which complexity classes contain the integer factorization problem. The decision-problem form of it ("does N have a factor less than M?") is known to be in both NP and co-NP. This is because both YES and NO answers can be checked if given the prime factors along with their primality proofs. It is known to be in BQP because of Shor's algorithm. It is suspected to be outside of all three of the complexity classes P, NP-Complete, and co-NP-Complete. If it could be proved that it is in either NP-Complete or co-NP-Complete, that would imply NP = co-NP. That would be a very surprising result, therefore integer factorization is widely suspected to be outside both of those classes. Many people have tried to find polynomial-time algorithms for it and failed, therefore it is widely suspected to be outside P.

Interestingly, the decision problem "is N a composite number?" (or equivalently: "is N a prime number?") appears to be much easier than the problem of actually finding the factors of N. Specifically, the former can be solved in polynomial time (in the number n of digits of N), according to a recent preprint given in the references, below. In addition, there are a number of probabilistic algorithms that can test primality very quickly if one is willing to accept the small possibility of error. The easiness of prime testing is a crucial part of the RSA algorithm, as it is necessary to find large prime numbers to start with.

External Resources:

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Ring ideal

(From Wikipedia, the free Encyclopedia)

In abstract algebra, an ideal of a ring R is a subset I of R which is closed under R-linear combinations, in a sense made precise below.

Definitions

To accommodate non-commutative rings, we must distinguish three cases: left ideals, right ideals, and two-sided ideals.

A subset I of the ring R is a left ideal of R if

1: the zero element 0 of R belongs to I
2: for any a,b in I, we have a + b in I, and
3L: for any a in I and r in R, we have ra in I
A subset I of R is a right ideal of R if, in addition to properties 1 and 2 from above, it satisfies
3R: for any a in I and r in R, we have ar in I
A subset which is both a left and a right ideal (that is, it satisfies properties 1, 2, 3L, and 3R) is called a two-sided ideal of R. The term ideal alone is usually short for "two-sided ideal".

If the ring R is commutative, then all three sorts of ideals are the same. If the ring is noncommutative, however, then they may be different.

Examples

Further properties of ideals

Because zero belongs to it, any ideal is nonempty. In fact, property 1 in the definition can be replaced with simply the requirement that I be nonempty.

Any left, right or two-sided ideal is a subgroup of the additive group (R,+).

The ring R can be considered as a left module over itself, and the left ideals of R are then seen as the submodules of this module. Similarly, the right ideals are submodules of R as a right module over itself, and the two-sided ideals are submodules of R as a bimodule over itself. If R is commutative, then all three sorts of module are the same, just as all three sorts of ideal are the same.

Types of ideals

The first two examples above are principal ideals; the principal (left) ideal generated by an element a in R is Ra := {ra : r in R}. The principal right ideal aR is defined similarly; and these two principal ideals generated by a are identical (and hence a two-sided ideal) if the ring is commutative. In that case, it's common to denote the principal ideal by <a> or (a).

An ideal I is called proper if I is not equal to R. An ideal is proper if and only if it doesn't contain 1. A proper ideal is called maximal if the only proper ideal it is contained in is itself. Every ideal is contained in a maximal ideal, a consequence of Zorn's lemma. A proper ideal I is called prime if, whenever ab belongs to I, then so does a or b (or both). Every maximal ideal is prime.

Factor rings (quotient rings) and kernels

Ideals are important because they appear as the kernels of ring homomorphisms and allow one to define factor rings, as will be described next.

Recall that a function f from R to S is a ring homomorphism iff f(a + b) = f(a) + f(b) and f(ab) = f(a) f(b) for all a, b in R and f(1) = 1. Then the kernel of f is defined as

ker(f) := {a in R : f(a) = 0}.
The kernel is always a two-sided ideal of R.

Conversely, if we start with a two-sided ideal I of R, then we may define a congruence relation ~ on R as follows: a ~ b if and only if b - a is in I. In case a ~ b, we say that a and b are congruent modulo I. The equivalence class of the element a in R is given by

[a] = a + I := {a + r : r in I}.
The set of all such equivalence classes is denoted by R/I; it becomes a ring, the factor ring or quotient ring of R modulo I, if one defines (But note that these quotient rings are unrelated to the quotient field, or field of fractions, of an integral domain, and also unrelated to the rings of quotients resulting from localization of rings.)

The map p from R to R/I defined by p(a) = a + I is a surjective ring homomorphism (or regular epimorphism) whose kernel is the original ideal I. In summary, we see that ideals are precisely the kernels of ring homomorphisms.

If R is commutative and I is a maximal ideal, then the factor ring R/I is a field; if I is only a prime ideal, then R/I is only an integral domain.

The most extreme examples of factor rings are provided by modding out by the most extreme ideals, {0} and R itself. R/{0} is naturally isomorphic to R, and R/R is the trivial ring {0}.

Ideal operations

The sum and the intersection of ideals is again an ideal; with these two operations as join and meet, the set of all ideals of a given ring forms a lattice.

If A is any subset of the ring R, then we can define the ideal generated by A to be the smallest ideal of R containing A; it is denoted by <A> or (A) and contains all finite sums of the form

r1a1s1 + ··· + rnansn
with each ri and si in R and each ai in A. The principal ideals mentioned above are the special case when A is just the singleton {a}.

The product of two ideals I and J is defined to be the ideal IJ generated by all products of the form ab with a in I and b in J. It is contained in the intersection of I and J.

Important properties of these ideal operations are recorded in the Noether isomorphism theorems.

Ideals as "ideal numbers"

The term "ideal" comes from "ideal number": ideals were seen as a generalization of the concept of number. In the ring Z of integers, every ideal can be generated by a single number (so Z is a principal ideal domain), and the ideal determines the number up to its sign. The concepts of "ideal" and "number" are therefore almost identical in Z (and in any principal ideal domain). In other rings, it turned out that the concept of "ideal" allows one to generalize several properties of numbers. For instance, in general rings one studies prime ideals instead of prime numbers, one defines coprime ideals as a generalization of coprime numbers, and one can prove a generalized Chinese remainder theorem about ideals. In a certain class of rings important in number theory, the Dedekind domains, one can even recover a version of the fundamental theorem of arithmetic: in these rings, every nonzero ideal can be uniquely written as a product of prime ideals.

See also:

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Synonyms: Factoring

Synonyms: factorisation (n), factorization (n). (additional references)

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Crosswords: Factoring

Specialty definitions using "factoring": quantum computerValue-based pricing. (references)
Non-English Usage: "Factoring" is also a word in the following languages with English translations in parentheses.

Italian (factoring), Portuguese (factoring), Swedish (factoring).

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Commercial Usage: Factoring

DomainTitle

References

  • Aktif Finans Factoring Hizmetleri A.S.: International Competitive Benchmarks and Financial Gap Analysis (reference)

  • Siam General Factoring Public Company Limited: International Competitive Benchmarks and Financial Gap Analysis (reference)

    (more reference examples)

  

Books

  • Debt Management and Factoring [DOWNLOAD: PDF] (reference)

  • Dun and Bradstreet's Handbook of Modern Factoring and Commercial Finance (reference)

  • Factoring Humanity (reference)

  • Factoring Services in Indonesia [DOWNLOAD: PDF] (reference)

  • SIAM GENERAL FACTORING PUBLIC CO. LTD.: Labor Productivity Benchmarks and International Gap Analysis [DOWNLOAD: ADOBE READER] (reference)

    (more book examples)

  

Theater & Movies

Source: compiled by the editor from various references; see credits.

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Non-Fiction Usage: Factoring

SubjectTopicQuote

Business

Factoring and international credit insurance also may offer future opportunities. (references)

Economic History

Costa Rica

The private sector is generally limited to commercial bank lending, trade credits, and factoring. (references)

Belgium

Many American companies are factoring in the crime rate in their assessments to invest in Belgium. (references)

Bolivia

This law addresses such emerging areas as establishing rules governing factoring and leasing and set parameters for bank holding companies. (references)

Political Economy

OMAN

The government has also set up an export guarantee program, which both subsidizes the cost of export loans and offers a discounted factoring service. (references)

Trade

Russia

As many as twenty Russian banks now offer factoring services. (references)

Turkey

Like leasing companies, all factoring and forfeiting companies are having funding difficulties. (references)

Worker Rights

Cambodia

According to a survey taken during the year by a local economics research center, garment workers, who were paid in U.S. currency, earned an average of $61 per month, factoring in overtime. (references)

Source: compiled by the editor from ICON Group International, Inc.; see credits.

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Usage Frequency: Factoring

"Factoring" is generally used as a lexical verb (-ing form) -- approximately 45.45% of the time. "Factoring" is used about 44 times out of a sample of 100 million words spoken or written in English. Its rank is based on over 700,000 words used in the English language. Some parts-of-speech are not covered due to the samples used by the British National Corpus. (note: percents less than one-hundredth of one percent have been omitted)
Parts of SpeechPercentUsage per
100 Million Words
Rank in English
Lexical Verb (-ing form)45.45%2078,262
Adjective (general or positive)29.55%1397,576
Noun (singular)13.64%6143,867
Noun (proper)9.09%4175,879
Noun (common)2.27%1339,140
                    Total100.00%44N/A

Source: compiled by the editor from several corpora; see credits.

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Usage in Company Names: Factoring

CountryNameCountryName
Thailand

Siam General Factoring Public Company Limited

Turkey

Aktif Finans Factoring Hizmetleri A.S.

 (more examples...)  

Source: compiled by the editor from Icon Group International, Inc.

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Expression: Factoring

Expression using "factoring": factoring company. Additional references.

Hypenated Usage

Ending with "factoring": leasing-and-factoring.

Source: compiled by the editor from various references; see credits.

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Frequency of Internet Keywords: Factoring

The following statistics estimate the number of searches per day across the major English-language search engines as identified by various trade publications. Hyperlinks lead to commercial use of the expression at Amazon.com.
 
ExpressionFrequency
per Day
ExpressionFrequency
per Day

factoring

887

factoring trinomial

17

factoring company

294

commercial factoring receivable

15

invoice factoring

151

government receivable factoring

14

account receivable factoring

138

factoring software

14

factoring receivables

109

factoring program

13

factoring polynomial

80

medical factoring

12

factoring service

59

factoring uk

12

factoring account receivables

49

factoring consultant

12

receivable factoring

34

factoring medical receivables

12

algebra factoring

34

debt factoring

11

commercial factoring

33

factoring credit line

11

factoring broker

30

medical receivable factoring

11

factoring math

24

construction factoring

10

working capital factoring

24

small business factoring

10

account receivable factoring company

22

account commercial factoring receivable

10

factoring trinomials

22

factoring business

10

factoring government receivables

21

cash flow factoring

9

international factoring

19

equation factoring quadratic

9

factoring financial services

17

a r factoring

9

factoring purchase order

17

factoring calculator

9
Source: compiled by the editor from various references; see credits.

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Modern Translation: Factoring

Language Translations for "factoring"; alternative meanings/domain in parentheses.

Chinese 

  

(Factored). (various references)

   

Danish

  

faktorisering, factoring. (various references)

   

Dutch

  

factorisatie, factoring, factoreren. (various references)

   

Finnish

  

factoring, myyntilaskurahoitus. (various references)

   

French

  

factorisation, factoring, factorage, affermage de créances, affacturage. (various references)

   

German

  

Finanzierung (financing, funding, sponsorship). (various references)

   

Greek 

  

factoring, πρακτόρευση, παραγοντοποίηση (applying load factors), "φάκτορινγκ". (various references)

   

Italian

  

factoring. (various references)

   

Japanese Kanji 

  

ファイル分離キャラクタ (bassoon, facade, facility, FACOM, facsimile, fact, faction, factor, factory, factory automation, factory team, fagot-stitch, fagotting stitch, fascism, fascist, fax, Feynman, file separator, finder, fine, fine ceramics, fine chemical, fine food, fine play, foul, foul line, foul tip, foundation, fuzzy, fuzzy computer, fuzzy logic). (various references)

   

Japanese Katakana 

  

ファクタリング . (various references)

   

Korean 

  

인수 분해. (various references)

   

Pig Latin

  

actoringfay.(various references)

   

Portuguese

  

factorização, factoring. (various references)

   

Russian 

  

факторинг. (various references)

   

Spanish

  

factorización (factorization). (various references)

   

Swedish

  

factoring. (various references)

   

Turkish

  

finanse etme anlaşması, finanse etme. (various references)

   

Ukrainian

  

факторні операції. (various references)

Source: compiled by the editor from various translation references.

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Misspellings: Factoring

Misspellings

"Factoring" is suggested in spellcheckers for the following: Factoran, factorn, facturing, Fattorini, fixturing. (additional references)

Source: compiled by the editor, based on several corpora (additional references).

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Rhyming with "Factoring"

# of Phoneme MatchesPronunciationWord(s) rhyming with "factoring" (pronounced fa"ktering)
5-k t er i ngdoctoring, hectoring.
4-t er i ngadministering, altering, bantering, bartering, battering, bettering, blistering, blustering, bolstering, catering, centering, chartering, chattering, clustering, cluttering, countering, encountering, entering, faltering, festering, filibustering, filtering, flattering, fluttering, fostering, frittering, glittering, guttering, lettering, littering, loitering, mastering, mentoring, metering, mitering, monitoring, motoring, mustering, muttering, nattering, neutering, pestering, petering, plastering, puttering, reentering, registering, scattering, sculpturing, sequestering, shattering, sheltering, shuttering, slaughtering, smattering, spattering, splintering, sputtering, stuttering, sweltering, teetering, tottering, tutoring, unflattering, uttering, watering.
3-er i nganswering, anchoring, angering, auguring, backfiring, badgering, belaboring, beleaguering, bewildering, bickering, blundering, bordering, bothering, brokering, butchering, capturing, censoring, clamoring, clobbering, coloring, configuring, conjuring, conquering, considering, cornering, covering, cowering, culturing, deciphering, delivering, desiring, devouring, diapering, dickering, differing, discovering, disfavoring, disfiguring, dismembering, dithering, doddering, embroidering, empowering, endangering, endeavoring, fathering, favoring, feathering, featuring, figuring, fingering, flavoring, flickering, floundering, flowering, foundering, fracturing, furthering, garnering, gathering, gerrymandering, gesturing, glimmering, glowering, grandfathering, hammering, hampering, hankering, harboring, hindering, hollering, honoring, hovering, hungering, hunkering, injuring, inquiring, laboring, laundering, lawyering, layering, lecturing, levering, lingering, lowering, lumbering, majoring, maneuvering, manufacturing, massacring, maundering, meandering, measuring, minoring, mirroring, mongering, mothering, murdering, murmuring, neighboring, nonmanufacturing, numbering, nurturing, offering, ordering, outnumbering, pampering, pandering, papering, partnering, peppering, perjuring, philandering, picturing, pilfering, plundering, pondering, posturing, powdering, powering, pressuring, proffering, prospering, puncturing, quivering, recapturing, reconsidering, recovering, rediscovering, rejiggering, remembering, rendering, reoffering, reordering, requiring, restructuring, rewiring, rupturing, savoring, scampering, scouring, severing, shimmering, shivering, shouldering, showering, shuddering, simmering, slithering, slobbering, slumbering, smoldering, smothering, snickering, sobering, soldering, soldiering, souring, spiering, sponsoring, squandering, staggering, structuring, suffering, surrendering, swaggering, tailoring, tampering, tapering, tempering, tendering, thundering, tinkering, torturing, towering, transpiring, triggering, uncovering, unwavering, ushering, venturing, wagering, wallpapering, wandering, warmongering, wavering, weathering, whimpering, whispering, withering, wondering, Wuthering, zippering.

Source: compiled by the editor (additional references); see credits.

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Anagrams: Factoring

Scrabble® Enable2K-Verified Anagrams

Words within the letters "a-c-f-g-i-n-o-r-t"

-1 letter: crafting, fraction.

-2 letters: argotic, carotin, carting, coating, crating, faction, farcing, forcing, frantic, infarct, infract, ingraft, orating, organic, rafting, tracing.

-3 letters: acting, action, agonic, aortic, arcing, aroint, atonic, cantor, caring, carton, cation, citron, confit, contra, coring, cortin, coting, craton, facing, factor, faring, fating, forgat, forint, fracti, garcon, gitano, gratin, oaring, onagri, orgiac, origan, racing.

 Words containing the letters "a-c-f-g-i-n-o-r-t"
 

+2 letters: cofeaturing, factorizing, forecasting, fornicating, fractioning.

 

+3 letters: flowcharting, vociferating.

 

+4 letters: confederating, configuration, configurative, conflagration, ferromagnetic, flowchartings, fractionating, glorification, gratification.

 

+5 letters: centrifugation, configurations, conflagrations, cotransferring, gentrification, glorifications, gratifications, rigidification.

Source: compiled by the editor from various references; see credits.

SCRABBLE® is a registered trademark. All intellectual property rights in and to the game are owned in the U.S.A and Canada by Hasbro Inc., and throughout the rest of the world by J.W. Spear & Sons Limited of Maidenhead, Berkshire, England, a subsidiary of Mattel Inc. Mattel and Spear are not affiliated with Hasbro.

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INDEX

1. Definition
2. Synonyms
3. Crosswords
4. Usage: Commercial
5. Quotations: Non-fiction
6. Usage Frequency
7. Names: Company Usage
8. Expressions
9. Expressions: Internet
10. Translations: Modern
11. Derivations
12. Rhymes
13. Anagrams
14. Bibliography


  

Copyright © Philip M. Parker, INSEAD. Terms of Use.