Agreement Accounts Receivable Without Recourse In Illinois
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We protect your documents and personal data by following strict security and privacy standards.
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FAQ
Accounts receivable (A/R) factoring, often referred to as invoice discounting, is a type of short-term debt financing used by some business borrowers. The transaction takes place between a business (the borrower) and a lender (often a factoring company as opposed to a traditional commercial bank).
SALE OF RECEIVABLES: A DEFINITION In selling the Receivable without recourse the seller guarantees only the existence and validity of the receivable at the time in which the sale is made.
When a company factors receivables it means that they sell them to another party. If the transaction is without recourse that means the buyer takes on all the risk of credit losses. The seller of the accounts receivable does not bear any risk after the sale is complete.
