recourse factoring definition

recourse factoring definition

Glossary: recourse factoring

Recourse is a form of factoring where the client is liable for payment in the event the customer does not pay.

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Definition: 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 balance, less charges, is paid when the customer makes payment directly to the factor.

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