Non recourse finance: Difference between revisions
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== See also == | == See also == | ||
* [[Recourse finance]] | * [[Recourse finance]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:The_business_context]] | |||
[[Category:Trade_finance]] | |||
Revision as of 20:52, 1 July 2022
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.
