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 loan — loan which becomes a grant under certain circumstances … English contemporary dictionary
non-recourse — UK US (also nonrecourse) adjective [before noun] ► FINANCE used to describe a loan in which the lender has the right to take only the asset bought with the loan if it is not paid back, and does not have the right to take any other assets: non… … Financial and business terms
non-recourse financing — See non recourse loan. Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010 … Law dictionary
Non-Recourse Expense — An accounting term that sometimes refers to the cost of absorbing losses on defaulted non recourse debt. In other words, when a borrower fails to repay a non recourse loan, the lender s only possible recourse is to seize any pledged collateral… … Investment dictionary
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
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
Non-Recourse Finance — A loan where the lending bank is only entitled to repayment from the profits of the project the loan is funding, not from other assets of the borrower. These types of projects are characterized by high capital expenditures, long loan periods, and … Investment dictionary
non-recourse finance — A bank loan in which the lending bank is only entitled to repayment from the profits of the project the loan is funding and not from other resources of the borrower … Accounting dictionary
loan — A lending. Delivery by one party to and receipt by another party of sum of money upon agreement, express or implied, to repay it with or without interest. Boerner v. Colwell Co., 21 Cal.Sd 37, 145 Cal.Rptr. 380, 384, 577 P.2d 200. Anything… … Black's law dictionary
loan — A lending. Delivery by one party to and receipt by another party of sum of money upon agreement, express or implied, to repay it with or without interest. Boerner v. Colwell Co., 21 Cal.Sd 37, 145 Cal.Rptr. 380, 384, 577 P.2d 200. Anything… … Black's law dictionary
