non-recourse

listen to the pronunciation of non-recourse
İngilizce - Türkçe
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
İngilizce - İngilizce
(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

İlgili Terimler

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