Nonrecourse

  • 1 Posts
  • 1 Sections
  • 1 Types
August 25, 2024 3 min read Definitions
Without Recourse: Understanding Nonrecourse Transactions
Finance Banking Factoring Receivables Nonrecourse Endorsement Exculpatory Debtor
Without Recourse: A term used in factoring receivables or endorsing a note to signify that the holder is not to seek repayment from the debtor personally in case of nonpayment, only from the collateral.
Read more about Without Recourse: Understanding Nonrecourse Transactions.

Finance Dictionary Pro

Our mission is to empower you with the tools and knowledge you need to make informed decisions, understand intricate financial concepts, and stay ahead in an ever-evolving market.