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- DictionaryWithout recourse
- ▪ a formula used to disclaim responsibility for future nonpayment, especially of a negotiable financial instrument
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Aug 21, 2024 · Essentially, when accounts receivable is factored with recourse, it means that the client is responsible for covering unpaid customer invoices, not the factor. What Is Non-Recourse Factoring? Here, the factoring company will take on most of the liability of non-payment by the client’s debtors.
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Aug 19, 2024 · Whatever you think the words "without recourse" mean, they don't mean boo on a traffic citation. If you think that you need an attorney to defend the tickets, by all means, hire one. But he or she will ignore anything you have to say about "without recourse".
Aug 15, 2024 · If a receivable factoring is non-recourse, the financial company can't request capital in return for nonpaying customer credit, making the business that received capital in exchange for receivables free of liability from uncollectible receivables.
4 days ago · Unless the indorsement otherwise specifies (as by such words as “without recourse”) every indorser engages that upon dishonor and any necessary notice of dishonor and protest he will pay the instrument according to its tenor at the time of his indorsement to the holder or to any subsequent indorser who takes it up, even though the indorser ...
4 days ago · That is why we invoke Mary as “conceived without sin, pray for us who have recourse to you.” That is why, when Mary appeared at Lourdes in 1858, she called herself the “Immaculate Conception.” Her message to Bernadette Soubirous was “penance.”
1 day ago · On July 18, 2024, the Consumer Financial Protection Bureau (CFPB) issued notice of a proposed interpretive rule (Rule) that walks back a prior 2020...
Aug 18, 2024 · A non-recourse loan disallows lenders from collecting anything other than the borrower-specified collaterals. Recourse. A recourse loan gives borrowers complete liability to pay the total principal and interest rate of their financing.
