Posted in Finance, Accounting and Economics Terms, Total Reads: 207
Definition: Non-Recourse Sale
Non Recourse sale is a sales without recourse. Non Recourse sale is a transaction in which the lender of a debt involves a third party in case the debt goes bad and is not being recovered. The third party gives a fixed amount which is in proportion to the debt amount. Now the third party can recover the debt from the debtor. The original lender got some money from the bad debt and third party has chance to gain from collecting.