Nonrecourse Facility Financial Glossary

What is it? Advance of finance against unpaid outstanding invoices in which the credit risk is passed over to the finance company. A non-recourse facility comes with credit insurance meaning you dont have to pay back advances in the event of bad debts. Non-recourse agreements tend to be more restrictive when looking at funding decisions, and more expensive than recourse facilities (see also Recourse)

Finance Term Definition Added By: Kayla

Send To Friends!

If you'd like to send the Nonrecourse Facility definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -

We hope you now understand the meaning of Nonrecourse Facility. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Finance Terms:

Financial Term Inspector is The property/mechanical inspector examines a home to evaluate its plumbing, electrical work, appliances, heating and cooling systems, roof and structural stability.

Financial Term Shogan Bond is Dollar-denominated bond issued in Japan by a non-resident.

Financial Term Contents insurance is Insurance cover for the contents of your home, which can include cover against loss or damage of some personal possessions outside the home.

Financial Term Deferred payments is Payments to be made at some future date. See graduated payment mortgage.

Financial Term Outstanding balance is The amount currently owed on a loan.