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Nonrecourse factoring allows a company to sell its invoices to a factor without the obligation of absorbing any unpaid invoices. With a non-recourse factoring agreement, the factor can't ask you for repayment.Without recourse means without subsequent liability. A. With recourse factoring, a client sells invoices to a factor, with the promise to buy back any uncollected invoices. Define without-recourse factoring contract. Most factoring agreements relate to recourse factoring. What is Non-Recourse Factoring?
