Examlex
Which term describes the new site that is formed when a cancer spreads?
Factor With Recourse
An arrangement where a business sells its receivables to a factor but remains liable if the debts sold are not collected.
Recourse Obligation
Recourse obligation refers to a debt or liability for which the borrower is personally responsible, meaning the lender can pursue the borrower's other assets if the primary assets securing the loan fail to satisfy the debt.
U.S. And IFRS Guidance
U.S. and IFRS guidance refers to the accounting standards set by the United States (Generally Accepted Accounting Principles) and the International Financial Reporting Standards, respectively.
Collateralized Borrowing
A loan that is secured by collateral, meaning if the borrower defaults, the lender has the right to seize the asset(s) pledged as collateral.
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