full recourse

full recourse
No matter what risk event occurs, the borrower or its guarantors guarantee to repay the debt. This is not a project financing unless the borrower's sole asset is the project. Bloomberg Financial Dictionary

Financial and business terms. 2012.

Игры ⚽ Поможем написать реферат

Look at other dictionaries:

  • Full Recourse Debt — A guarantee that no matter what happens, the borrower will repay the debt. Typically with a full recourse loan no occurrence, such as loss of job or sickness, can get the borrower out of the debt obligation. In this situation, if there is no… …   Investment dictionary

  • recourse — re·course / rē ˌkōrs, ri kōrs/ n 1 a: the act of turning to someone or something for assistance esp. in obtaining redress b: a means to a desired end esp. in the nature of a remedy or justice; also: the end itself 2: the right or ability to… …   Law dictionary

  • non-recourse loan — A loan secured by a charge on assets. If the borrower defaults and the security does not realise the full value of the loan, the lender cannot recover the shortfall from the borrower. Practical Law Dictionary. Glossary of UK, US and international …   Law dictionary

  • Non-Recourse Debt — A type of loan that is secured by collateral, which is usually property. If the borrower defaults, the issuer can seize the collateral, but cannot seek out the borrower for any further compensation, even if the collateral does not cover the full… …   Investment dictionary

  • Nonrecourse 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. If the borrower defaults, the lender/issuer can seize the… …   Wikipedia

  • Projektfinanzierung — Unter dem Begriff Projektfinanzierung wird die Finanzierung einer wirtschaftlich und zumeist rechtlich abgrenzbaren, sich selbst refinanzierenden Wirtschaftseinheit von begrenzter Lebensdauer verstanden. Die Projektfinanzierung bildet damit den… …   Deutsch Wikipedia

  • covered bond — International debt securities (debt security), generally issued by banks and other regulated credit institutions and backed by a pool of assets (the cover pool) typically comprising mortgages or public sector loans originated and managed (that is …   Law dictionary

  • Alternative Risk Transfer — (often referred to as ART) is the use of techniques other than traditional insurance and reinsurance to provide risk bearing entities with coverage or protection. The field of ART grew out of a series of insurance capacity crises in the 1970s… …   Wikipedia

  • Vorvermietung — Der Begriff der Vorvermietung definiert den Grad der Vermietung, der vor Beginn eines Bauvorhabens (ausnahmsweise auch: vor Fertigstellung) erreicht wird. Da Investoren im Regelfall zumindest einen Teil der Investition fremd finanzieren… …   Deutsch Wikipedia

  • Non-Notification Loan — A full recourse loan that is securitized by accounts receivable (AR). Customers making accounts receivable payments are not notified that their account/payment is being used as collateral for a loan. They continue making payments to the company… …   Investment dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”