In the assignment of accounts receivable, the right of a third party to demand payment from the transferor of the receivables if they prove uncollectible is referred to as recourse.

Name: In the assignment of accounts receivable, the right of a third party to demand payment from the transferor of the receivables if they prove uncollectible is referred to as recourse.
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Recourse means that the third party has the right to demand payment from the transferor if the receivables prove to be uncollectible.

In the Assignment of Accounts Receivable, the Right of a Third