non recourse

CEBS sets out in its guidelines that non- recourse loans, where the loan could be written off after a certain period, are disallowed .

The big deal about non-recourse loans is that you are not personally liable. The bank uses your company's cash flow as collateral.

American mortgages are non-recourse in many states, making it harder for lenders to pursue defaulting borrowers; not in most of Canada.

HSBC has today reiterated its intention to stand behind bondholders in Household, even though its debts are non-recourse to the group.

To encourage participation, the government would try to minimize risk for private investors, possibly by offering non-recourse loans.

Defaulting (even in so-called non-recourse states) is still a lot of trouble, and to most people it's scary.

Project financing is a new and more flexible international fund-raising method, namely "non-recourse or limited-recourse loan" .

In a European version, cheap, non-recourse loans would encourage investors to buy Italian or Spanish bonds and bring down yields.

Along comes the government and says it will finance 90 per cent of the investor's purchase and, moreover, do so as a non-recourse loan.

That's just wrong. Why? Because of the non-recourse loans, which reportedly will finance 85 percent of the asset purchases.

A goal will be to secure financing which is non-recourse to the owners.

non-recourse sale of lease receivable