non recourse factoring definition

non recourse factoring definition

Glossary: non recourse factoring

Non-Recourse is a type of factoring where the factor assumes complete responsibility for collection of debt. If the debt is not collected due to the financial inability of the customer, the factor assumes the loss.


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Definition: non recourse factoring

Factoring provides cash to your business with no time delay from issuing invoices as well as sales ledger and collection services.

Accounts Receivables Financing (Factoring): The invoices you issue upon a sale are sent to the factor who typically advances up to 80 to 90% of the invoice amount to you.

Factoring Glossary - Define: non recourse factoring - 2004 HJ Ventures International, Inc.