non recourse loan что это
non-recourse loan
Полезное
Смотреть что такое «non-recourse loan» в других словарях:
non-recourse loan — A loan secured by a charge on assets. If the borrower defaults and the security does not realise the full value of the loan, the lender cannot recover the shortfall from the borrower. Practical Law Dictionary. Glossary of UK, US and international … Law dictionary
non-recourse loan — loan which becomes a grant under certain circumstances … English contemporary dictionary
Non-Notification Loan — A full recourse loan that is securitized by accounts receivable (AR). Customers making accounts receivable payments are not notified that their account/payment is being used as collateral for a loan. They continue making payments to the company… … Investment dictionary
non-recourse — UK US (also nonrecourse) adjective [before noun] ► FINANCE used to describe a loan in which the lender has the right to take only the asset bought with the loan if it is not paid back, and does not have the right to take any other assets: non… … Financial and business terms
non-recourse financing — See non recourse loan. Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010 … Law dictionary
Non-Recourse Expense — An accounting term that sometimes refers to the cost of absorbing losses on defaulted non recourse debt. In other words, when a borrower fails to repay a non recourse loan, the lender s only possible recourse is to seize any pledged collateral… … Investment dictionary
Non-Recourse Debt — A type of loan that is secured by collateral, which is usually property. If the borrower defaults, the issuer can seize the collateral, but cannot seek out the borrower for any further compensation, even if the collateral does not cover the full… … Investment dictionary
Non-Recourse Finance — A loan where the lending bank is only entitled to repayment from the profits of the project the loan is funding, not from other assets of the borrower. These types of projects are characterized by high capital expenditures, long loan periods, and … Investment dictionary
non-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 … Accounting dictionary
1 non-amortizing loan
2 non-performing loan
3 non-conforming loan
4 non-performing loan
5 non-productive loan
6 non-conforming loan
7 non-purpose loan
8 Non-Accrual Loan
10 non-accrual loan
11 non-accruing loan
12 non-amortizing loan
13 non-collateral loan
14 non-concessional loan
15 non-hryvnia loan
16 non-repayable loan
17 non-revolving loan
18 non-consumer loan
20 non-accrual loan
См. также в других словарях:
non-performing loan — ➔ loan1 * * * A loan on which neither interest payment nor principal repayment is being made. When a bank has such a loan on its books, it can either write it off against profits immediately or make loan loss provisions ready to make such a… … Financial and business terms
Non-conforming loan — A non conforming loan is a loan that fails to meet bank criteria for funding. Reasons include the loan amount is higher than the conforming loan limit (for mortgage loans), lack of sufficient credit, the unorthodox nature of the use of funds, or… … Wikipedia
Non-Purpose Loan — A type of loan that uses an investment portfolio as loan collateral and the proceeds of which can not be used to purchase, carry or trade securities. This type of loan allows investors access to funds without having to sell their investments.… … Investment dictionary
Non-Amortizing Loan — A type of loan in which payments on the principal are not made, while interest payments or minimum payments are made regularly. As a result, the value of principal does not decrease at all over the life of the loan. The principal is then paid as… … Investment dictionary
Non-performing loan — A non performing loan is a loan that is in default or close to being in default. Many loans become non performing after being in default for 3 months, but this can depend on the contract terms. “A loan is nonperforming when payments of interest… … Wikipedia
Non-performing loan — Notleidende Kredite (auch Non performing Loans, Problemkredite oder umgangssprachlich Faule Kredite ) sind Kredite, bei denen der Schuldner mit der Erfüllung seiner Pflichten bereits in Verzug geraten ist, beziehungsweise die Bank auf Grund der… … Deutsch Wikipedia
Non performing loan — Notleidende Kredite (auch Non performing Loans, Problemkredite oder umgangssprachlich Faule Kredite ) sind Kredite, bei denen der Schuldner mit der Erfüllung seiner Pflichten bereits in Verzug geraten ist, beziehungsweise die Bank auf Grund der… … Deutsch Wikipedia
non-performing loan — /nɒn pɜ:ˌfɔ:mɪŋ ləυn/ noun US a loan where the borrower is not likely to pay any interest nor to repay the principal (as in the case of loans to Third World countries by western banks) … Dictionary of banking and finance
non-trading loan relationships — Money debts incurred by a company as a result of borrowing money where the money debts in question have not been incurred by the company for the purposes of a trade which it carries on. Practical Law Dictionary. Glossary of UK, US and… … Law dictionary
non-conforming — UK US (US ► FINANCE a non conforming loan does not meet official standards, especially because it is more than the borrower will be able to pay back: »Non conforming mortgages will become hard to obtain … Financial and business terms
nonrecourse loan
Смотреть что такое «nonrecourse loan» в других словарях:
nonrecourse loan — A loan for which no partner or related person bears the economic risk of loss. For example, if a partnership fails to repay a nonrecourse loan, the lender has no recourse against any partner except to foreclose of the assets used to secure the… … Financial and business terms
nonrecourse loan — noun : a loan by which a lender agrees to accept the collateral security in lieu of repayment from the borrower if he is unable to pay or if the value of the security falls below the amount of the loan : a loan in which a lender under an… … Useful english dictionary
nonrecourse loan — Type of security loan which bars the lender from action against other assets of the borrower if the security value of the specified collateral for the loan falls below the amount required to repay the loan. It is used by the U.S. in loans to… … Black’s law dictionary
nonrecourse loan — Type of security loan which bars the lender from action against other assets of the borrower if the security value of the specified collateral for the loan falls below the amount required to repay the loan. It is used by the U.S. in loans to… … Black’s law dictionary
nonrecourse — adjective Date: 1926 being or based on an agreement in which the lender has no right of recourse to the borrower s assets beyond stated limits … New Collegiate Dictionary
loan — A lending. Delivery by one party to and receipt by another party of sum of money upon agreement, express or implied, to repay it with or without interest. Boerner v. Colwell Co., 21 Cal.Sd 37, 145 Cal.Rptr. 380, 384, 577 P.2d 200. Anything… … Black’s law dictionary
loan — A lending. Delivery by one party to and receipt by another party of sum of money upon agreement, express or implied, to repay it with or without interest. Boerner v. Colwell Co., 21 Cal.Sd 37, 145 Cal.Rptr. 380, 384, 577 P.2d 200. Anything… … Black’s law dictionary
Nonrecourse 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… … Wikipedia
nonrecourse — adj. without recourse; of a loan in which only the property mortgaged may be reclaimed in the case of default … English contemporary dictionary
recourse loan — Loan on which an endorser or guarantor is liable in event of default of borrower. See also recourse with recourse Compare nonrecourse loan … Black’s law dictionary
non-recourse loan
Смотреть что такое «non-recourse loan» в других словарях:
non-recourse loan — A loan secured by a charge on assets. If the borrower defaults and the security does not realise the full value of the loan, the lender cannot recover the shortfall from the borrower. Practical Law Dictionary. Glossary of UK, US and international … Law dictionary
non-recourse loan — loan which becomes a grant under certain circumstances … English contemporary dictionary
Non-Notification Loan — A full recourse loan that is securitized by accounts receivable (AR). Customers making accounts receivable payments are not notified that their account/payment is being used as collateral for a loan. They continue making payments to the company… … Investment dictionary
non-recourse — UK US (also nonrecourse) adjective [before noun] ► FINANCE used to describe a loan in which the lender has the right to take only the asset bought with the loan if it is not paid back, and does not have the right to take any other assets: non… … Financial and business terms
non-recourse financing — See non recourse loan. Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010 … Law dictionary
Non-Recourse Expense — An accounting term that sometimes refers to the cost of absorbing losses on defaulted non recourse debt. In other words, when a borrower fails to repay a non recourse loan, the lender s only possible recourse is to seize any pledged collateral… … Investment dictionary
Non-Recourse Debt — A type of loan that is secured by collateral, which is usually property. If the borrower defaults, the issuer can seize the collateral, but cannot seek out the borrower for any further compensation, even if the collateral does not cover the full… … Investment dictionary
Non-Recourse Finance — A loan where the lending bank is only entitled to repayment from the profits of the project the loan is funding, not from other assets of the borrower. These types of projects are characterized by high capital expenditures, long loan periods, and … Investment dictionary
non-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 … Accounting dictionary
Non-Recourse Loan
What is a Non-Recourse Loan?
A non-recourse loan limits the assets of a borrower that a lender can pursue to recover the loan amount in the event of default. If the borrower defaults on the loan, the lender can only go after the asset(s) that were designated as collateral Collateral Collateral is an asset or property that an individual or entity offers to a lender as security for a loan. It is used as a way to obtain a loan, acting as a protection against potential loss for the lender should the borrower default in his payments. for the loan. The lender cannot go after other assets, such as the borrower’s personal accounts, in order to recover the total amount of the loan.
Summary:
Non-Recourse Loans vs. Recourse Loans
Non-recourse loans, as described above, mean the lender can only go after the asset(s) covered by the loan itself if the borrower defaults. They are most often loans involving property. If the property is established and generating some type of income – for example, if the property is an apartment complex with monthly rental earnings – it may be fitting for the lender to keep the property and continue bringing in monthly rental payments. The lender may also wish to sell the property. In any event, the lender may not obtain any assets from the borrower in the event of default other than the assets pledged as collateral for the loan.
Obtaining Non-Recourse Loans
Clearly, the majority of the risk and exposure with non-recourse loans rests with the lender. If the asset used as collateral decreases in value while in the possession of the borrower and the borrower defaults, then it is the lender’s obligation to come up with the money that is lost.
Therefore, non-recourse loans are much more difficult to come by and qualify for. Commercial lenders will often only extend non-recourse loans to finance certain types of properties and only to especially worthy borrowers. Stable finances and an excellent credit score FICO Score A FICO score, more commonly known as a credit score, is a three-digit number that is used to assess how likely a person is to repay the credit if the individual is given a credit card or if a lender loans them money. FICO scores are also used to help determine the interest rate on any credit extended are two important factors that a lender looks at before considering a non-recourse loan.
Another major factor considered? The earning history/potential for profit of a property. The lender must take into consideration what the property was used for, what it will be used for, and where it’s located, among other things.
Regardless of the abovementioned factors, because of the sheer risk to lenders, non-recourse loans carry a higher interest rate than recourse loans to compensate the lender for the additional risk.
Bad Boy Carve Outs
Lenders do have one advantage when offering non-recourse loans – something called “the bad boy carve out.” The bad boy carve out refers to a clause attached to almost all non-recourse loans. In the event that the borrower conducts any fraudulent activity or misrepresents themselves in any way, the non-recourse loan becomes a full recourse loan and the lender can then go after any of the borrower’s assets in a case of default. Activity that can trigger the bad boy carve out clause to take effect includes:
Additional Resources
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