Notice of Acknowledgment

From Open Risk Manual
Revision as of 23:03, 10 February 2020 by Wiki admin (talk | contribs) (Initial Entry)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)

Definition

Notice of Acknowledgment. It is a notice issued by a debtor to a finance provider in which the debtor acknowledges and recognizes that the debt (accounts payable) has been assigned to or purchased by the finance provider.