Advertising

Nonrecourse basis

• The basis on which accounts receivable are sold to a factor with the understanding that the factor accept all credit risks on the purchased accounts.

 
 Embedded terms in definition
 Accounts receivable
Basis
Credit risk
Credit
Factor
 
 Related Terms
 

<< Nonrecourse Nonredeemable >>

"Green" Banking: Saving the Environment as You Save and Borrow Money: You're probably already recycling paper, glass and plastic. But did you know you also may be able to help save the environment as you do your banking? Here are options that may be available from your bank. More...

No matter what you've done for yourself or for humanity, if you can't look back on having given love and attention to your own family, what have you really accomplished? Elbert Hubbard

Advertising



Copyright 2009-2018 GVC. All rights reserved.