Credit Approval

From Open Risk Manual
The printable version is no longer supported and may have rendering errors. Please update your browser bookmarks and please use the default browser print function instead.

Definition

Credit Approval denotes the Risk Acceptance when the factor accepts the Credit Risk assumed by taking a debt from a customer without recourse to that customer in the event of a payment default.

See Also

Retrieved from "https://www.openriskmanual.org/wiki/index.php?title=Credit_Approval&oldid=14996"
Creative Commons Attribution-NonCommercial-ShareAlike
Powered by MediaWiki