Non-Recourse Finance


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Related to Non-Recourse Finance: Limited Recourse Financing

Non-Recourse Finance

A loan secured by the revenue of the project the loan intends to fund, and nothing else. That is, non-recourse finance does not allow the bank or other lending institution access to the borrower's other assets in the event of default. This is a relatively high-risk form of financing; projects that utilize non-recourse finance generally have uncertain revenue streams and long loan periods.
References in periodicals archive ?
ETFCE specialises in global structured and non-recourse finance and is following a growth strategy aimed at expanding its product and geographical base by means of strategic alliances and joint ventures.
ETFC specializes in structured and non-recourse finance and intends to develop its position by entering into joint ventures with International banks and financial institutions globally.