recourse debt
21Collateralized debt obligation — Financial markets Public market Exchange Securities Bond market Fixed income Corporate bond Government bond Municipal bond …
22non–recourse — non–re·course /ˌnän rē ˌkȯrs, ri kȯrs/ adj: of, relating to, or being a debt whose satisfaction may be obtained on default only out of the particular collateral given and not out of the debtor s other assets a non–recourse mortgage a… …
23Cancellation Of Debt - COD — When a creditor forgives a debt without requiring consideration in return. The amount of debt that is forgiven by cancellation of debt is considered income to the debtor and must be reported as a result. In most cases, it is taxable as ordinary… …
24national debt — In order to join the European Monetary Union on 1 January 1999 Spain must first fulfil the convergence criterion for public debt, which states that the budget deficit must not exceed 3 percent of GDP and total public sector debt 60 percent of… …
25Sovereign Debt — Bonds issued by a national government in a foreign currency, in order to finance the issuing country s growth. Sovereign debt is generally a riskier investment when it comes from a developing country, and a safer investment when it comes from a… …
26Bad Debt Expense — An entry found on a business s income statement that represents the amount of noncollectable accounts receivable that occurs in a given period. In terms of accounting entries, every time an amount increases bad debt expense, an equivalent amount… …
27Without recourse — Without the lender having any right to seek payment or seize assets in the event of nonpayment from anyone other than the party (such as a special purpose entity) specified in the debt contract. The New York Times Financial Glossary * * * without …
28without recourse — A lending expression that means loans or leases that have been acquired from an original lender with no guaranty from the originator. American Banker Glossary Giving the lender no right to seek payment or seize assets in the event of nonpayment… …
29full 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 …
30limited 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 …
