What is Recourse?

Recourse is when a borrower agrees to pledge their own assets against funding from a bank or other lender in case the borrower is unable to meet the debt obligations. Recourse factoring is when the client will repay or replace an unpaid invoice after 90 days or the time frame set in the factoring agreement.

Audio Definition/Pronunciation

The Difference between Recourse and Non-recourse Factoring

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What Is Non-Recourse Factoring?

Factoring accounts receivables to gain immediate access to working capital...
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Checklist: How to Choose the Best Factoring Company

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OTHER TERMS BEGINNING WITH "R"