The recourse period is the agreed period for which Enterprise Finance Europe will fund an invoice. Beyond this period, funding is withdrawn.
Type of factoring in which the client, or guarantor, is liable for payment (i.e., the return of the money advanced) in the event the customer is financially unable to pay
An invoice finance facility where you have chosen not to take advantage of protection against bad debts. With a recourse factoring or invoice discounting facility, if the debtor fails to pay the factoring company or invoice discounting company will withdraw any prepayment that has been provided against the invoice.