What is Traditional Factoring?
Non-Recourse Factoring or Factoring Without Recourse is an agreement within a factoring contract where the factor’s client does not have to pay back the factoring company if an invoice is not specifically paid due to bankruptcy of the client’s customer (the Account Debtor) under an invoice with credit protection in place. ECapital offers Credit Protection as part of our Non-Recourse Program.
Audio Definition/Pronunciation
OTHER TERMS BEGINNING WITH "T"
- Terms of the Sale
Terms of the Sale is an agreement between the buyer and the seller which references the price of goods being sold, the return policy, delivery location, time of shipment and payment terms. The sale's terms may also reference the purchase…
- Trade Financing
Trade Financing is the term used for financing of international trade. Trade finance includes such activities as Cash Against Documents, credit insurance, export credit, bid and performance bonds, lending, trade-related promissory notes, Letters of Credit, purchase order funding, bills of…
- True Sale
A "True Sale" means that the Big Box Retailer is purchasing the product from you and is obligated to pay you whether they sell it or not; the risk of sale is transferred to Mr.Retailer as soon as they accept…
- Turnaround
A Turnaround represents a company demonstrating an improving financial situation after it has been performing poorly for an extended time or after a catastrophic event. ECapital will many times fund companies in a turnaround situation.
