| 释义 |
nonrecourse
nonrecourse (ˌnɒnrɪˈkɔːs) adj (Banking & Finance) finance of or relating to a loan or debt for which a borrower is not personally liable, giving the lender limited or no recourseNonrecourse
NonrecourseIn the case of default, the lender has no ability to claim assets over and above what the limited partners contributed.Non-Recourse FinanceA 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. |