Non Recourse Factoring

Treatment of Non Recourse Factoring in the United States Law

The following is a short concept of Non Recourse Factoring published by Marco Terry: A form of factoring where the factoring company will absorb any credit losses that result from a customer defaulting on an invoice. The types of credit losses that are absorbed vary by factoring company. The most common type of credit loss that is covered is due to bankruptcy or declared insolvency. See recourse factoring.