Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,899,014,714 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Non-Recourse Finance
(redirected from Non-Recourse Loans)

    0.01 sec.
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.


Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Feedback
Add definition
Mentioned in?  References in periodicals archive?   Financial browser?   Full browser?
 
Another carveout typically included in non-recourse loans relates to liability for material misrepresentation or fraud on the part of the borrower.
We project in the next couple of years we will continue to see more distressed assets, but I believe they will be more commercial mortgage backed securities (CMBS) and non-recourse loans that we'll see being sold.
These non-recourse loans are linked through a cross-collateralization and cross-default agreement.
 
 
 
Financial Dictionary
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.