without recourse credit

基本解释

Forfaiting is a new kind of international financial credit service which discount without recourse.
福费廷是一种新兴的以无追索权为特点的国际融资服务项目。
We hereby open an irrevocable without recourse letter of credit in your favour up to an aggregate amount of RMB￥10000 available by draft at sight.
兹开立不可撤销的、无追索权的信用证，以贵方为受益人，总金额达人民币1万元。
Payment is to be made against sight draft drawn under a confirmed, irrevocable, divisible and transferable letter of credit without recourse for the full amount.
付款方式为保兑的、不可撤销的、可分割的、可转让的、无权追索的全部金额即期信用证支付。