Non-recourse/limited recourse debt
The lender of a non-recourse loan is only entitled to repayment from specific assets and cash flows. Limited recourse debt gives the lender a limited amount of recourse to the borrowers other assets.
Non-recourse debt or a non-recourse loan is a secured loan (debt) that is secured by a pledge of collateral, typically real property, but for which the borrower is not personally liable.
Non-Recourse - A type of financing in which the lender may look only to the security (property) for repayment in the event of default, and not personally to the borrower.
Non-recourse financing:
The purchase by a bank or other financial institution of a firm's medium- and long-term accounts receivable (typically, claims for the export of goods) with no recourse against the firm in the event of the failure by ...
Non-recourse financing
Non-recourse financing is a form of financing in which receivables with maturity dates in the future are sold to a bank or financial institution without recourse.
NON-RECOURSE LOAN " A loan obtained by a limited partnership in which the lender has claim only against the partnership as a whole, not against the individual limited partners.
Non-Recourse Mortgage - A home loan in which the borrower can never owe more than the home's value at the time the loan is repaid.
Noncancellable - Contract terms, including costs that can never be changed.
Non-recourse (factoring of accounts receivable)
The non-recourse factoring of accounts receivable is when the risk of non-payment on factored accounts receivable is assumed by the finance company.
Non-Recourse Debt
A type of loan that is secured by collateral, which is usually property.
Non-Recourse Credit. (See Credit, Non-Recourse.) TOP^
Open Market Committee. The basic unit of the Federal Reserve System, operated by the Federal Reserve Bank of New York, that governs the U.S. money supply.
Discharge of Non-recourse Debt
If the debt satisfied by the transfer of the property is non-recourse (no personal liability), the full amount of the canceled debt is treated as proceeds from the sale or exchange of the property, ...
The FDIC will provide non-recourse loan guarantees for up to 85 percent of the purchase price of legacy loans. Private sector asset managers and the U.S. Treasury will provide the remaining assets.
Partnerships: Apartnership's non-recourse financing may increase a general or limited partner's amount at risk provided the financing is qualified non-recourse for both the partner and the partnership.
Factoring can be done on both a recourse and non-recourse basis. In developed financial markets, factoring is done on a non-recourse basis. The factor does not have a claim against its client (the borrower) if the accounts default.
Reverse Mortgage - A non-recourse loan against home equity providing cash advances to a borrower and requiring no repayment until a future time.
Revolving Account - Line of credit that may be used repeatedly up to a certain specified limit.
A CDO whose purpose is to allow a money manager to expand assets under management and equity investors to achieve non-recourse leverage to CDO assets. There is no "arbitrage" in the classic sense of the word.
DRY MORTGAGE - Also known as "non-recourse loan" because the lender has no personal right of action aga...
DRY ROT - A fungal decay that causes lumber to crumble.
Nonrecourse
Without recourse, as in a non-recourse lease.
Nonmarketed claims
Claims that cannot be easily bought and sold in the financial markets, such as those of the government and litigants in lawsuits.
Debt finance, usually non-recourse, provided by financial institutions for the development and construction of a new project.
Seed Financing/Capital ...
Transfer of assets from the corporation is a non-recourse, true sale.
Investors receive a perfected interest in the assets' cash flows.
Without recourse, as in a non-recourse lease.
Nonredeemable
Not permitted, under the terms of indenture, to be redeemed.
Forfaiting: A technique for arranging non-recourse medium term export financing usually by a third party financial institution. Used most frequently to finance imports to Eastern Europe.
See also: Accounts Payable, Accounts Receivable, Debt Equity Ratio, Debt Security, Long Term Debt, Net Debt, Non-Recourse Debt
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Capital Structure
Debt Assignment
Debt Bomb
Debt Overhang
Debt Ratio ...
These (like I guess all or nearly all sovereign bonds) were non-recourse bonds anyhow, too bad people did not read the fine print.
Very competitive pricing
The ability to structure single and multiple asset CMBS offerings
All permanent loans are non-recourse
Loan sizes range from USD$3-$150 million with terms between 5 and 20 years ...
A real estate lessor is "not at risk" to the extent that he or she is protected by non-recourse financing not secured by real estate, guarantees by others, stop-loss agreements or similar arrangements.
If the cash investment and personal debt incurred were $35,000, the most that could be deducted as losses is $35,000. Note there is an expansion of the at-risk amounts to real estate only to include certain non-recourse loans from qualified lenders.
NON-RECOURSE DEBT A debt for which an individual has no personal liability. For example, a lender may take the property pledged as collateral to satisfy a debt, but has no recourse to other assets of the borrower.
Nonrecourse Without recourse, as in a non-recourse lease. Nonredeemable Not permitted, under the terms of indenture, to be redeemed. Nonrefundable Not permitted, under the terms of indenture, to be refundable.
 See also: Recourse, Expense, Banks, Recourse loan, Saving
  
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