Without recourse
without the lender having any right to seek payment or seize assets in the event of default from anyone other than the party (such as a special-purpose entity) specified in the debt contract. ...
without recourse
In general: phrase meaning that credit risk, or risk of nonpayment, is assumed by the buyer, rather than the seller, of a promissory note or the holder of a negotiable instrument.
Without recourse:
A clause in a contract whereby the lender, in the event of non-payment, has no right to seek payment or seize assets from anyone other than the party specified in the debt contract.
Français: Sans recours
Español: Sin recurso ...
without recourse
A lending expression that means loans or leases that have been acquired from an original lender with no guaranty from the originator.
working capital ...
Without Recourse Financing
Financing in which the right of recourse to the party receiving funds is forfeited to the party advancing funds.
Without Recourse. Where a creditor's only recourse in the case of default is to sell any pledged property. Also applies to the factoring of receivables, loans or notes, etc.
Without Recourse
A term which signifies that the buyer is responsible for non-performance of an asset or non-payment of an instrument, instead of the seller.
Working Capital ...
Without recourse, as in a non-recourse lease.
Nonredeemable
Not permitted, under the terms of indenture, to be redeemed.
Without Recourse (business term)
Without Recourse
last-gasp
pis aller
Accounts Receivable Discounted (in accounting)
Qualified Endorsement (business term)
conciliatory
Recourse Loan (business term)
last-ditch
flat on one's back (Idiom) ...
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 ...
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 ...
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.
Strikes and lockouts without recourse to conciliation are prohibited in establishments employing ten or more persons.
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.
FORFAITING - The selling 'without recourse' of medium- to long-term export receivables to a financial i...
FORFEITING - Method of financing international trade of capital goods.
It is the outright sale of a firm's accounts receivable to another party (the factor) without recourse, which means the factor must bear the risk of collection. Some banks and commercial finance companies factor (buy) accounts receivable.
in US, reclamation of property without using court in the United States, a foreclosure on real estate without recourse to a court.
Authority to Purchase - Similar to an "Authority to Pay" except that the seller's drafts are drawn directly on the buyer. The buyer's bank purchases the drafts with or without recourse to the drawer.
The buying firm - also referred to as a "factor" - purchases the financial obligation at a discounted rate providing the selling firm with immediate cash. However, the sale is undertaken without recourse, ...
Indicates goods for sale do not include a warranty, implied or expressed; the buyer takes the entire risk as to the quality or condition of the goods involved and must trust to his own inspection. In sum, the sale is "without recourse".
tends to enrich the owner at the expense of the community and is thus the cause of poverty; he believed that by appropriating all (or nearly all) economic rent governments could wipe out social distress and even acquire a surplus without recourse to ...
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, Bills, Bid in
  
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