Recourse
101with recourse — record written on a promissory note that determines that the endorser is still a guarantor on the debt …
102without recourse — record written on a promissory note that indicates that the endorser has ceased to be a guarantor on the debt …
103non-recourse finance — A bank loan in which the lending bank is only entitled to repayment from the profits of the project the loan is funding and not from other resources of the borrower …
104limited recourse financing — See project financing …
105no recourse — No access to; no return; no coming back upon; no assumption of any liability whatsoever; no looking to the party using the term for any reimbursement in case of loss or damage or failure of consideration in that which was the cause, the motive,… …
106no recourse — No access to; no return; no coming back upon; no assumption of any liability whatsoever; no looking to the party using the term for any reimbursement in case of loss or damage or failure of consideration in that which was the cause, the motive,… …
107without recourse — A form of qualified indorsement, exonerating the indorser from liability as such. Bank of St. Albans v Gilliland (NY) 23 Wend 311. Words used or directly implied by an assignor to negative any guaranty of the assigned obligation. 6 Am J2d Assign… …
108resource — recourse …
109remedy over — Recourse against a third person to recover a sum which one has been compelled to pay to another. See third party action …
110Nonrecourse debt — Non recourse debt or a non recourse loan is a secured loan (debt) that is secured by a pledge of collateral, typically real property, but for which the borrower is not personally liable. If the borrower defaults, the lender/issuer can seize the… …
