Non-Recourse Finance

(redirected from Non-Recourse Debts)

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 ?
Non-recourse debts related to the projects, which are already in place, will amount to 174.3 million (or C$258.4 million) at the end of construction and will remain at the project level.