Glossary

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Working around balance sheet or capital constraints;
With Recourse: if your buyer fails to pay then the bank will claim repayment from you (e.g. factoring, insured finance)
Without Recourse: having provided the finance, the bank will accept the risk of non-payment on ones behalf and one will not suffer loss if one has met your contractual obligations (e.g. Forfaiting, Selective Invoice Financing).