A finance company or bank that purchases and takes ownership of another company's accounts receivable is called a:

A) Payer.
B) Pledger.
C) Factor.
D) Payee.
E) Pledgee.

Factor

An element or condition that actively contributes to the production of a result, often used in the context of mathematics or economic analysis.

Accounts Receivable

The amount of money owed to a company by its customers for goods or services that have been delivered but not yet paid for.