Non recourse finance: Difference between revisions
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Finance from a lender for a commercial credit on terms which transfer the risk of default by the commercial debtor from the commercial seller to the lender or some third party guarantor or insurer; the lender has no recourse to the commercial seller. | Finance from a lender for a commercial credit on terms which transfer the risk of default by the commercial debtor from the commercial seller to the lender or some third party guarantor or insurer; the lender has no recourse to the commercial seller. | ||
In project finance, a financing which relies exclusively on the cashflows arising from the project and where the lender has no recourse to the company or companies undertaking the project. | In project finance, a financing which relies exclusively on the cashflows arising from the project and where the lender has no recourse to the company or companies undertaking the project. | ||
== See also == | == See also == | ||
* [[Company]] | |||
* [[Default]] | |||
* [[Finance]] | |||
* [[Guarantor]] | |||
* [[Insurer]] | |||
* [[Project finance]] | |||
* [[Recourse]] | |||
* [[Recourse finance]] | * [[Recourse finance]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:The_business_context]] | |||
[[Category:Trade_finance]] | |||
Latest revision as of 06:34, 11 March 2023
Finance from a lender for a commercial credit on terms which transfer the risk of default by the commercial debtor from the commercial seller to the lender or some third party guarantor or insurer; the lender has no recourse to the commercial seller.
In project finance, a financing which relies exclusively on the cashflows arising from the project and where the lender has no recourse to the company or companies undertaking the project.
