Limited Recourse

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Limited 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.

Limited Recourse

Describing a loan that is secured up to a certain amount. For example, a loan on which one-third of the principal is secured or collateralized is a limited recourse loan. These loans may be used in project finance; a company may issue a bond with limited recourse for the first five years of its life, after which it becomes fully secured. Limited recourse loans carry lower interest rates than without recourse loans. In the event of liquidation, limited recourse debt is paid after secured debt and before unsecured debt.

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No references found			Mr Krishnamoorthy was speaking during a celebration to mark the closing of the limited recourse financing of the $2. Banking system on solid footing by Gulf Daily News (Manama, Bahrain) The loan, provided by an out-of-state investment bank, includes a five-year term, a competitive floating interest rate and limited recourse provisions to the developer. L.J. Melody arranges $100 million in financing by Mortgage Banking Under this system, health providers and vaccine distributors generally order a particular manufacturer's vaccine and have limited recourse, even for meeting the needs of high-risk persons, if that manufacturer's production is adversely affected. Flu Vaccine: Recent Supply Shortages Underscore Ongoing Challenges by General Accounting Office Reports & Testimony			Limitation on subsidiary borrowing Limitation volontaire des exportations limitations of actions Limite de deuda Limite de ejercicios Limite de fluctuacion Limite de fluctuacion diaria Limite di oscillazione limited appraisal Limited Audit limited capacity limited common elements Limited Company Limited Discretion limited equity condominium Limited flexibility exchange rate system Limited Liability limited liability company Limited Partner limited partners limited partnership Limited Payment Policy limited power of appointment limited power of attorney Limited Price Order Limited Recourse limited referral agent Limited Risk Limited Safety Net limited service broker Limited Trading Authorization Limited Warranty Limited-Liability Instrument Limited-Tax General Obligation Bond Limited-Voting Stock Limiti assuntivi Line Line Chart line of credit Line Wrap Line-of-Business Reporting line-of-sight easement Linea de credito Linea de credito en varias monedas Linea de mercado Linea de tendencia Linea di arretramento lineal heirs Linear Programming Linear Regression Lingot			Limited Production Availability Limited Production Phase Limited Production Test Limited Production Urgent Limited Production-Test limited production-type item Limited Production-Urgent Limited Professional Liability Limited Program Distribution Service limited proportionality region Limited public figure Limited public figure Limited Public Motor Vehicles Limited Purchase Order Limited Purpose Cooperative Research and Development Agreement Limited Purpose Financial Reporting Standards Limited Purpose Flexible Spending Account Limited purpose public figure Limited purpose public figure Limited purpose public figure Limited Purpose Trust Company Limited Quality Level Limited Quantity Limited Quantity Hauling Exemption Limited Range Intercept Limited Range of Motion Limited Rate Initial Production Limited Recourse Limited Recourse Finance Limited Recourse Financing Limited Recourse Note Limited Recourse Project Financing Limited Reevaluation Report limited referral agent Limited Regional Conflict Limited release Limited Remote Communications Outlet Limited resource Limited resource Limited resource Limited resource Limited Response Package limited review limited review Limited risk Limited Risk Distributor Limited Risks Limited Road Service Area Limited Safety Net Limited Safety Nets Limited Scientific and Technical Aerospace Reports Limited scleroderma Limited Scope Performance Testing Limited Security Area Limited Selective Dorsal Rhizotomy Limited series

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