Recourse example sentences

Discounting of bills (with or without recourse) and collection of the client's debts.There are two methods of factoring —recourse and non-recourse.The amount of cash from operations' indicate the internal solvency level of the company, and is regarded as the key indicator of the extent to which the operations of the enterprise have generated sufficient cash flows to maintain the operating capability of the enterprise, paying dividends, making of new investments and repaying of loans without recourse to external source of financing.Under recourse factoring, the client is not protected against the risk of bad debts.On the other hand, the factor assumes the entire credit risk under non-recourse factoring i.e., full amount of invoice is paid to the client in the event of the debt becoming bad.There are two methods of factoring— recourse and non-recourse factoring.