recourse
71non-recourse financing — See non recourse loan. Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010 …
72Mohair Recourse Loan Program — The Mohair Recourse Loan Program is a program authorized by the emergency provisions of the FY1999 USDA appropriations act (P.L. 105 277) that made interest free recourse loans of $2.00 per pound on mohair produced prior to October 1, 1998. Final …
73Non-Recourse Sale — A transaction in which a creditor turns a bad debt over to a third party in exchange for a percentage of the total debt amount, and in which the third party is without means of redress or compensation if the debt remains uncollectible. In a… …
74Without Recourse — This phrase has several meanings. In a general sense, when the buyer of a promissory note or other negotiable instrument assumes the risk of default. Without recourse can also refer to a financing arrangement where the dealer s maximum possible… …
75non–recourse note — see note Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …
76limited recourse financing — 1) Recourse to a project sponsor attached to a specific project finance undertaking. 2) A loan made to a company specifically set up by a developer to manage a particular property. In case of default, the lender has no recourse to the other… …
77without recourse — sans recours Words that appear on a bill of exchange to indicate that the holder has no recourse to the person from whom it was bought, if it is not paid. It may be written on the face of the bill or as an endorsement. If these words do not… …
78without recourse — sans recours Words that appear on a bill of exchange to indicate that the holder has no recourse to the person from whom it was bought, if it is not paid. It may be written on the face of the bill or as an endorsement. If these words do not… …
79with recourse — Term which may be used in indorsing negotiable instrument and by which the indorser indicates that he remains liable for payment of the instrument. See also recourse Compare without recourse …
80without recourse — (law and commerce) A qualified endorsement of a bill or promissory note indicating that the endorser takes no responsibility for non payment • • • Main Entry: ↑recourse * * * Finance a formula used to disclaim responsibility for future nonpayment …
