Home
E-Mail
Latest

Recourse Facility Financial Glossary

What is it? Advance of finance against unpaid outstanding invoices in which the credit risk remains with the company. You would have to pay back advances in the event of bad debts (see also Non-recourse).

Finance Term Definition Added By: Peyton

The Recourse Facility definition has been viewed 3553 Time(s)!




Send To Friends!

If you'd like to send the Recourse 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 Recourse Facility. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Finance Terms:

Financial Term Partnership is A form of organization with two or more persons associate to conduct a non-corporate business. Its main disadvantage is unlimited liability. The tax treatment of a partnership is similar to that for a proprietorship, in that the business avoids corporate taxes. Also see LLC, and PA

Financial Term Approved Budget is The budget which has been approved by full council, adjusted to reflect in year virements (i.e. transfers between budgets).

Financial Term Bank Draft is A check drawn by one bank against funds deposited into its account at another bank, authorizing the second bank to make payment to the individual named in the draft.

Financial Term Capital share is A share in an investment trust for investors who want to see their capital grow.

Financial Term Currency is Any form of money accepted by a country and in actual use within that country as a medium of exchange.