Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Factor definition

What does Factor mean? In receivables finance, a factor is the receivables purchaser that provides a factoring facility, buying a supplier’s trade debts (book debts/invoices) and advancing funds, often with credit control, ledger management and collections. The term is descriptive in this context rather than a defined statutory term. A factor typically acquires receivables under a factoring agreement or receivables purchase agreement, on a disclosed or confidential basis, and either with recourse (supplier retains credit risk) or non-recourse (credit risk transfer, often supported by credit insurance or limits). The transfer is effected by assignment/assignation of receivables and related rights, with notice to...

Financial provision on divorce and dissolution: section 25 MCA 1973 factors, CPA 2004 equivalents, fairness principles, clean break and special considerations (England and Wales)

Published by a LexisNexis Family expert

Practice notes

This PrACTice Note offers an overview of the considerations the court must take into account, contained in section 25 of the Matrimonial Causes Act 1973 (MCA 1973) — commonly referred to as the section 25 checklist or Section 25 factors — together with the parallel provisions in Schedule 5, Part 5 to the Civil Partnership Act 2004 (CPA 2004). The checklist is engaged when the court considers whether to exercise, and how to deploy, its powers under MCA 1973, ss 23, 24, 24A, 24B or 24E (or their civil partnership equivalents), namely in relation to financial provision orders (periodical payments and lump sum orders), property adjustment orders, orders for the sale of property, pension sharing orders and pension sharing compensation orders. See also Practice Note: Financial proceedings—orders that can be made by the court.

The section 25 checklist

Notwithstanding the extensive body of case law on financial orders, the starting point remains the checklist in MCA 1973, s 25 — see also: Civil partnership. Under MCA 1973, s 25(1), the court must have regard to ‘all the circumstances of the case’...

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Web page updated on 21/05/2026

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