Such an organization will assume title to the receivables or assets and will also bear all commercial and political risks connected with the transaction, without the right of recourse to the exporter in the event of default of the foreign buyer.
Financing in which the right of recourse to the party receiving funds is forfeited to the party advancing funds.
Without Recourse Financing Financing in which the right of recourse to the party receiving funds is forfeited to the party advancing funds.
right of recourse The right to recover a bad debt. right of redemption The right of a property owner to redeem his/her real estate from foreclosure...
 See also: Recourse, Values, Expense, Bills, Margin account
  
|
RSS
