A company with $ 200,000 in receivables could sell them for $ 169,000 without recourse or for

Question:

A company with $ 200,000 in receivables could sell them for $ 169,000 without recourse or for $ 195,000 with recourse. What do the terms “with recourse” and “without recourse” mean? Why is the “without recourse” alternative more expensive? How could the transfer be recorded?