English - Turkish
Definition of non-recourse in English Turkish dictionary
- ödemesiz
- (Kanun) (Factoring) Gayri kabili rücu: Factor'un bir alacakla ilgili haklarını, o alacağın ödenmeme riski ile birlikte üzerine alması. Bu işlemde borçlunun borcunu ödememesi halinde risk faktörde kalır
- sigara rücu
English - English
Definition of non-recourse in English English dictionary
- (Kanun) Of, relating to, or being a debt whose satisfaction may be obtained on default only out of the particular collateral given and not out of the debtor's other assets: "a non-re·course mortgage", "a non-re·course creditor"
- (as distinct from recourse) factoring operates where factors are unable to reclaim bad debts from a client's accounts
- A type of factoring where the factor assumes complete responsibility for collection of debt If the debt is not collected due to the financial inability of the customer, the factor assumes the loss
- This is for the dealer who wants to sell their contracts and devote their attention to sales Naturally, when Western Funding buys totally without recourse, we must be more conservative in our buying habits It is customary that we will take additional loss reserve when buying non-recourse contracts If this additional loss reserve is not used for losses, it will be paid to the dealer as income and is not taxable until paid
- an indebtedness that is secured by specific collateral (the real estate) and one that does not permit the lender access to the borrower's or borrower principal's assets in the event of default
- non-recourse loan
- loan which becomes a grant under certain circumstances
- nonrecourse
- Without recourse, as in a non-recourse lease
- nonrecourse
- {s} without recourse; of a loan in which only the property mortgaged may be reclaimed in the case of default
- nonrecourse
- In the case of default, the lender has ability to claim assets over and above what the limited partners contributed
- nonrecourse
- no personal liability Lenders may take the property pledged as collateral to satisfy a debt, but have no recourse to other assets of the borrower
- nonrecourse
- Of or pertaining to a form of financing, typically debt financing, in which the lenders recourse to recovery in the event of default is limited to the collateral asset only
- nonrecourse
- In the case of default, the lender has no ability to claim assets over and above what the limited partners contributed