The Factoring Firm, Under the Terms Recourse, Bears Responsibility for Default

question 73

True/False

The factoring firm, under the terms recourse, bears responsibility for default on accounts receivable purchased from a firm.

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SEC

The U.S. Securities and Exchange Commission, a government agency responsible for regulating the securities industry and protecting investors.

Civil Fines

Monetary penalties imposed by a civil court or regulatory agency as punishment for violations of civil laws or regulations.

Cease And Desist

A legal order or demand to halt alleged illegal activities.

Supreme Court

The highest judicial court in a country or state, often having the final authority in legal disputes and constitutional matters.