Factor

Factor
An agent employed to sell goods or merchandise consigned or delivered to him by or for his principal for compensation.
Variable
A variable is a data item that can change its value; it is also referred to as a factor or an element in various fields such as statistics, computer science, and mathematics.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.