Recourse
Term describing a type of loan. If a loan is with recourse, the lender has a general claim against the parent company if the collateral is insufficient to repay the debt. ...
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.
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How and When to Use Nonrecourse Financing
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nonrecourse sale of bank receivables to a third party, either through the sale of whole loans or whole pools of loans, or securitization, that is, issuing securities collateralized by the receivables of bank credits (residential mortgages, auto loans, ...
Nonrecourse Debt
Definition: A loan, security for which is limited to the value of pledged assets and for which, indeed, the only repayment may be the money equivalent which the lender obtains for the pledged collateral.
Non-recourse lending is common in project finance. It is also used to turn factoring into an effective sale of debt. Securitisation of cash flows is essentially the same. In some the US many residential mortgages are also non-recourse.
FULL RECOURSE - No matter what risk event occurs, the borrower or its guarantors guarantee to repay the...
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Recourse:
The right of a person, bank or Export credit agency to whom a note or other obligation has been endorsed, to demand payment from the endorser of the note, if the original borrower fails to pay.
Recourse
In the event a person defaults on a loan, recourse is the right of a person to receive payment. Recourse could give the lender the ability to take possession of the borrowers assets.
Secured debt ...
recourse
The right to seek repayment of debt. Usually used to describe the right to seek repayment from an originator or prior endorser who sold or assigned debt to another party.
red lining ...
RECOURSE LOAN " A note or loan signed by a limited partner, for which the signer is personally responsible ("at risk"). Recourse loans are included in the partner's basis for tax purposes. See: Basis.
Recourse loan: In a limited partnership, a loan for which the limited partners are personally liable.
Recovery: The phase of the business cycle when economic activity begins to improve from a recession or depression.
Recourse - Refers to the right to demand or seek payment from the endorser or maker of a negotiable instrument such as a cheque.
Recourse: In the event a project cannot service the financing or achieve completion, the financiers have recourse to either cash from the sponsor or other non-project security.
Nonrecourse
Debt for which a borrower is not held personally liable. A lender agrees that in the event of default, to take the pledged property as satisfaction for the debt and have no claim on any other assets of the borrower.
Nonrecourse Loan. A loan where the debtor does not assume personal responsibility for the loan. CAUTION. Such a loan has special tax implications.
Nonrecourse loan
A loan taken by limited partners used to finance their portion of the partnership, which is secured by their ownership in the venture.
Nonrecurring charge
A one-time expense or credit shown in a company's financial statement.
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
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 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 Loan
A loan which is secured by collateral and for which the borrower is not personally liable, is called a non recourse loan.
Original Principal Balance ...
Recourse (factoring of accounts receivable)
Recourse in factoring of accounts receivable occurs when the risk of non-payment on factored accounts receivable remains with the vendor.
Recourse
Term describing a type of loan. If a loan is with recourse, the lender has a the ability has the ability to fall back to the guarantor of the loan if the borrower fails to pay. For example, Bank A has a loan with Company X.
Recourse Loan
A type of loan that allows a lender to seek financial damages if the borrower fails to pay the liability, and if the value of the underlying asset is not enough to cover it.
Recourse
The ability of an asset purchaser to sell an asset or loan back to the original seller should the credit quality of that asset deteriorate.
Recovery rate of a loan in default ...
NONRECOURSE LOAN
A LOAN in which the borrower may have pledged collateral, but the borrower is not held personally liable.
Nonrecourse
In the case of default, the lender has ability to claim assets over and above what the limited partners contributed.
Nonrecourse loan ...
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.
If the recourse debt exceeds the FMV of the property and the creditor releases the debtor from the remaining liability, the difference is income from the discharge of indebtedness (Revenue Ruling 90-16, 1990-1 C.B. 12; Treas. Reg. sections 1.
Qualified Nonrecourse Financing: Qualified nonrecourse financing is money which the taxpayer borrows to buy real property which secures the loan. No person is personally liable for repayment.
A method of nonrecourse asset-based financing in which a specified percentage of revenue realized from the sale of the project's output is used to pay debt service. Production possibilities schedule
The maximum amount of goods (i.e.
Limited recourse A term describing a type of loan in which the lender has limited or no claim against the parent company if the collateral is insufficient to repay the debt. See:Nonrecourse.
With Particular Average (WPA) See: With Average Without recourse Giving the lender no right to seek payment or seize assets in the event of nonpayment from anyone other than the party specified in the debt contract (such as a special-purpose ...
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.
Without recourse Giving the lender no right to seek payment or seize assets in the event of nonpayment from anyone other than the party specified in the debt contract (such as a special-purpose entity).
Nonrecourse debt Debt for which the borrower is not personally liable. Noncumulative A class of preferred stock that does not accrue unpaid dividends. Nonqualified assets Any assets subject to taxes.
recourse loan A loan for which an undersigner is liable for payment if the borrower defaults. recovery A period in a business cycle following a recession, during which the GDP rises. red flag A sign of a problem.
RECOURSE The ability of a lender to claim money from a borrower in default, in addition to the property pledged as collateral.
RECOVERY OF TAX From the taxpayer's point of view, this may mean a refund of tax.
Combined action and open utterance in Germany became almost impossible; and for organs of the press the social democrats had recourse to Zurich.
Although factoring is often done without recourse to the exporter, the specific arrangements should be verified by the exporter. Factoring of foreign accounts receivables is less comman than factoring of domestic receivables.
Factoring Houses ...
Based on the principle of representative democracy, the role of the Parliament is strengthened by widening recourse to the co-decision legislative procedure. The Parliament’s role is also strengthened in its budgetary functions.
The assignment of loans is mostly without recourse to the original lender. Various assets that generate cash flows can be securitized- as e.g., housing loans and car loans.
In addition to paying less money, due to less financial charges and lower interest rates, the secured debt is attractive to the borrower of the nonrecourse loan: a secured loan where the collateral is the only security which the lender has, ...
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.
The ability of consumers to acquire goods and services based on their possession of money and/or their recourse to credit.
Limited Purpose Flexible Spending Account
Limited Quality Level
Limited Quantity
Limited Rate Initial Production
Limited recourse
Limited Recourse Note
Limited Reevaluation Report (USACE)
Limited Regional Conflict ...
Project Participants agree to pool Collateral ie. allow Recourse to each other's Collateral.
Crown Law:
Law derived from English law, eg. England, Ireland, Canada, PNG, Australia, Hong Kong, Singapore, India, Malaysia.
Would it excite you if your investment projects qualify for Non recourse financing?
You can totally eliminate the process of rehabbing properties.
How about this…… YOU no longer have to chase tenants down to collect rent.
In the event that the issuing bank goes into bankruptcy, the covered bond holders may have first recourse to the underlying assets, as well as being ranked before other investors such as shareholders.
What to do if you need more help ...
Transfer of assets from the corporation is a non-recourse, true sale.
Investors receive a perfected interest in the assets' cash flows.
Of course, a company does have legal recourse to try to collect such accounts, but those often fail. As a result, it becomes necessary to establish an accounting process for measuring and reporting these uncollectible items.
If you've a problem with your solicitor that you cannot resolve directly, the Law Society is your recourse.
The Law Society can be found at: 113 Chancery Lane London WC2A 1PL
Tel: 0207 242 1222 ...
Cross Collateral definition :
An agreement among project participants to pool collateral, to allow recourse to each other's collateral.
FTSE 100, S&P 500 All In One ...
The objective of any who sincerely believe in peace clearly must be to exhaust every honorable recourse in the effort to save the peace. The world has had ample evidence that war begets only conditions that beget further war."
-- Ralph Bunche ...
A race to the bottom may also occur within a nation (such as between states or counties), but this occurs much less frequently because the federal government has recourse to enact legislation slowing or halting the race before its effects become too ...
These (like I guess all or nearly all sovereign bonds) were non-recourse bonds anyhow, too bad people did not read the fine print.
A breach of contract is a failure of one party to perform as required by a legal agreement. A breach of contract generally gives the non-violating party the right to pursue legal recourse. Breach of contract is also called default.
National Rates ...
As main goal of investment are making profit, investment circulation definitely concerns a period of exploitation of purchased capital valuables till the moment of financial recourses, by which investments in the capital production are compensated.
The practice of low-balling figures for settlement costs on the Good Faith Estimate to make them appear more attractive to mortgage shoppers. See A Bad Faith Estimate: Any Recourse?
Bail-Out ...
 See also: Expense, Banks, Values, Funding, Acquisitions
  
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