| 单词 | non-recourse loan |
| 释义 | > as lemmasnon-recourse loan attributive. Of, designating, or relating to, a loan under the terms of which the lender has a limited right of recourse, or none, against the borrower; esp. (U.S.) a government loan made to a farmer and secured against a future crop, whereby the government is legally prohibited from taking action should the proceeds of the crop be insufficient for repayment (frequently as non-recourse loan). Also: of, designating, or relating to, a loan made to finance a particular project, whereby the project's profits are the only assets out of which the borrowing company is legally obliged to repay the loan. ΘΚΠ society > trade and finance > financial dealings > moneylending > [adjective] > types of loan self-liquidating1851 non-recourse1905 bridging1930 tied1958 underwater1975 sovereign1977 single currency1978 roll-up1983 self-certified1989 sub-sovereign1991 subprime1993 1905 Syracuse (N.Y.) Herald 26 Mar. 11/3 What is called a ‘non-recourse’ bond, one under which, if the bonding company has to make good it will not try to recoup itself from the party bonded. 1928 Jrnl. Business Univ. Chicago 1 72 Finance companies have found auto paper so profitable that their competition for it has led to purchase of paper on a ‘non-recourse’ basis. 1977 Offshore Engineer May 21/2 Marathon paid £1.55 million (Can.$ 2.8 million, $2.6 million) for exploration costs to 1 June 1976, and half that amount again as a non-recourse loan repayable only on production from the blocks. 1991 P. J. O'Rourke Parl. Whores (1992) 148 Nonrecourse loan. This is a loan farmers can get from the government using their crop as collateral. 2000 Ann. Rep. & Accts. (Cable & Wireless) 60/1 Non recourse finance of £253m..has been offset..against the net investment in finance leases. < as lemmas |
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