Cure period

Time to fix a contract problem before the other side can use certain default rights.

Why it matters

A cure period can reduce operational risk, but some defaults have no cure period or allow immediate remedies. Verify whether notice is required before the period begins.

Related terms

Related article: Default clauses in factoring agreements

Related reading

Sources

  • International Factoring Association - International Factoring Association. Accessed 2026-05-19. Industry association source for factoring terminology and industry context.
  • Secured Finance Network - Secured Finance Network. Accessed 2026-05-19. Industry education source for secured finance and asset-based lending context.
Financial disclaimer. This page is educational only and is not financial, legal, tax, accounting, or credit advice. Factoring terms vary by provider and contract. Read the full disclaimer.