limited recourse
1limited recourse debt — USA limited recourse debt, Also known as a non recourse debt. A debt that is secured by a security interest in collateral but for which the lender has limited claims against the borrower in the event of a default. If the borrower defaults, the… …
2limited recourse financing — See limited recourse loan. Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010 …
3limited recourse loan — Finance provided by means of a loan that is secured by a charge on assets. Should the borrower default, the lender is entitled to enforce the charge but can recover only a limited amount of any shortfall directly from the borrower itself. This… …
4Limited Recourse Debt — A debt in which the creditor has limited claims on the loan in the event of default. Limited recourse debt sits in between secured bonds and unsecured bonds in terms of the backing behind the loan. Often a limited recourse debt contract is… …
5limited 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. Bloomberg Financial Dictionary …
6limited recourse financing — 1) Recourse to a project sponsor attached to a specific project finance undertaking. 2) A loan made to a company specifically set up by a developer to manage a particular property. In case of default, the lender has no recourse to the other… …
7limited recourse financing — See project financing …
8recourse — noun (formal) ADJECTIVE ▪ constant, frequent ▪ limited (esp. BrE), little ▪ Drivers have little recourse but to wait until the weather clears. ▪ no other …
9limited — adj. VERBS ▪ appear, be, seem ▪ become ▪ remain ▪ keep sth ▪ She kept the plans carefully limit …
10non-recourse debt — USA limited recourse debt, Also known as a non recourse debt. A debt that is secured by a security interest in collateral but for which the lender has limited claims against the borrower in the event of a default. If the borrower defaults, the… …
