Chance that a borrower or trade debtor will not repay an obligation as promised. The discounting, or sale at a discount, of receivables on a nonrecourse, notification. basis. The purchaser of the accounts receivable, the factor, assumes full risk of collection and.
Disclosure and Barring Service. The Disclosure and Barring Service (DBS) helps employers in England, Wales and Northern Ireland make safer recruitment decisions and prevent unsuitable people from working with vulnerable groups, including children. The DBS decides whether it is appropriate for a person to be placed on or removed from a barred list.
Why Is a Non-Disclosure Agreement Important? Creating a written agreement can benefit both the disclosing party and the receiving party. For the disclosing party, such as an employer, an NDA: 1  Clearly describes what information they want to protect, as well. as the terms of non-disclosure. 2  Provides evidence that an agreement was in place, should the receiving party expose confidential information.