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  2. Share Prices
  3. Finance Glossary
  4. Terms Beginning With N
  5. Non-Recourse

Non-Recourse

Definition of 'Non-Recourse'

Non-Recourse factoring operates where factors are unable to reclaim bad debts from a clients accounts.

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Related Terms

RecourseFactor Risk / Non-Factor RiskAgency CostsAllotment PriceArbitrage Pricing TheoryAssociation of LLoyds Members (ALM)BondBuilding SocietyCancellation RightCity PanelCompany DirectorCredit UnionEnfacementForeign BankingForeign BondForeign BondsLaissez-FaireNon-Competitive BidNon-DiscretionaryNon-Executive Director

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