Terms used in official statistics

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Non recourse (traditional) factoring


Definition:
This factoring puts the risk of non-payment fully on the factor or the factor is responsible for paying liabilities by debtors. Liabilities are sold so the customer (factorer) is secured against insolvency of debtor. Otherwise - traditional, old-line factoring.

Contact person on methodology:
Agnieszka Nowińska
e-mail:
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