limited recourse financing
1limited recourse financing — See limited recourse loan. Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010 …
2limited 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… …
3limited recourse financing — See project financing …
4limited 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… …
5project financing — limited recourse financing Money or loans put up for a particular project (often a major property development), which are secured on that project and its foreseen earnings rather than forming part of the general borrowing of the company carrying… …
6Without Recourse — This phrase has several meanings. In a general sense, when the buyer of a promissory note or other negotiable instrument assumes the risk of default. Without recourse can also refer to a financing arrangement where the dealer s maximum possible… …
7Projektfinanzierung — 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… …
8Project finance — is the financing of long term infrastructure and industrial projects based upon a complex financial structure where project debt and equity are used to finance the project. Usually, a project financing scheme involves a number of equity investors …
9Build-Operate-Transfer — (BOT) is a form of project financing, wherein a private entity receives a concession from the private or public sector to finance, design, construct, and operate a facility for a specified period, often as long as 20 or 30 years. After the… …
10completion risk — The inherent risk in limited recourse financing of a project that the project will not be completed. Compare: technological risk, supply risk …
