- limited recourse financing
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Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
limited recourse financing
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limited recourse financing — 1) Recourse to a project sponsor attached to a specific project finance undertaking. 2) A loan made to a company specifically set up by a developer to manage a particular property. In case of default, the lender has no recourse to the other… … Accounting dictionary
limited recourse financing — See project financing … Big dictionary of business and management
limited recourse loan — Finance provided by means of a loan that is secured by a charge on assets. Should the borrower default, the lender is entitled to enforce the charge but can recover only a limited amount of any shortfall directly from the borrower itself. This… … Law dictionary
project financing — limited recourse financing Money or loans put up for a particular project (often a major property development), which are secured on that project and its foreseen earnings rather than forming part of the general borrowing of the company carrying… … Big dictionary of business and management
Without Recourse — This phrase has several meanings. In a general sense, when the buyer of a promissory note or other negotiable instrument assumes the risk of default. Without recourse can also refer to a financing arrangement where the dealer s maximum possible… … Investment dictionary
Projektfinanzierung — Unter dem Begriff Projektfinanzierung wird die Finanzierung einer wirtschaftlich und zumeist rechtlich abgrenzbaren, sich selbst refinanzierenden Wirtschaftseinheit von begrenzter Lebensdauer verstanden. Die Projektfinanzierung bildet damit den… … Deutsch Wikipedia
Project finance — is the financing of long term infrastructure and industrial projects based upon a complex financial structure where project debt and equity are used to finance the project. Usually, a project financing scheme involves a number of equity investors … Wikipedia
Build-Operate-Transfer — (BOT) is a form of project financing, wherein a private entity receives a concession from the private or public sector to finance, design, construct, and operate a facility for a specified period, often as long as 20 or 30 years. After the… … Wikipedia
completion risk — The inherent risk in limited recourse financing of a project that the project will not be completed. Compare: technological risk, supply risk … Accounting dictionary
supply risk — 1) The inherent risk in limited recourse financing of a construction project that the raw materials necessary for the operation of the plant to be constructed may become unavailable. Compare: completion risk, technological risk 2) The risk of… … Accounting dictionary
