A:
1 Answer
rank
1
|
In irrevocable factoring transactions, the risk of non-payment of the receivables is underwritten by the factor, and with the exception of shipment of defective goods, the customer is held entirely free of recourse. Whereas, in revocable factoring, the risk of nonpayment of the receivables is not underwritten by the factor, and in the case of non-payment of the pre-finance payments made for the receivables, the factor has the right of recourse to the customer.
more
|
ekspofaktoring.com
Related Videos
Add your answer...
Top Answerers
1.
2.
3.
Top Askers
1.
2.
3.
Top Supporters
1.
2.
3.
What is the meaning of revocable and irrevocable factoring?
Related Questions
- In reviewing the standards and feedback from members, the working group identified these as the areas in ...
- If you re about to obtain Basic Life, Family Life, Accidental Death and Dismemberment, Term 100, and/or ...
- When you set up an irrevocable trust you cannot later change your mind and revoke or cancel the trust. ...
- A living trust is a written agreement established while you are alive. You typically name yourself as the ...
- A. An 'Irrevocable Trust' is a 'Trust' that once established cannot be 'dissolved' until the terms of the ' ...