Recourse Means That the Factor Assumes the Credit, Political, and Foreign

question 20

True/False

Recourse means that the factor assumes the credit, political, and foreign exchange risk for the receivables it purchases.

---

Definitions:

Reflexive Responses

Automatic reactions to certain stimuli that do not involve conscious thought.

Limbic System

Group of structures deep in the brain that function in emotion.

Emotions

Complex psychological states that involve physiological arousal, feelings, cognitive processes, and behavioral reactions.

Synaptic Cleft

The tiny gap at a synapse where neurotransmitters are released from one neuron to signal the next neuron.