A/R Finance & Factoring Terms GLossary
What isNon-Recourse Factoring or Without Recourse 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. Paragon offers Credit Protection as part of our Non-Recourse Program.
Audio Definition/Pronunciation
OTHER TERMS BEGINNING WITH "N"
