Without Recourse Financing


 

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Without Recourse Financing

Financing in which the right of recourse to the party receiving funds is forfeited to the party advancing funds. This may be evidenced by conditions added to the endorsement of a draft being sold by an exporter in order to protect the exporter, if the instrument is not paid at maturity by the original obligor.



Without Recourse Financing

Similar Matches

Bridge financing

Bridge financing

Interim financing of one sort or another used to solidify a position until more permanent financing is arranged.


Concessional financing

Concessional financing

Loans made by a government at an interest rate below the market rate as an indirect method of providing a subsidy.


Threshold for refinancing

Threshold for refinancing

The point when the weighted-average coupon of an MBS is at a level to induce homeowners to prepay the mortgage in order to refinance to a lower-rate mortgage, generally reached when the weighted-average coupon of the MBS is 2 percentage points or more above currently available mortgage rates.


Inventory financing

Inventory financing

Used in the context of factoring and general finance to refer to loans to consumer product producers that use inventory as collateral. See also: Inventory loan.


Underlying Financing

Underlying Financing

A mortgage, deed of trust, etc., prior to (underlying) a land contract, mortgage, etc , on the same property.


Further Suggestions

Mezzanine financing
Back to back financing
Subsidized financing
Secondary Financing
Financing Corporation (FICO)
Long term financing
Temporary Financing
Cofinancing agreements
Interim financing
Financing Cost Savings
Project financing
Debtor in possession financing
"One, Two, Three" Financing
Financing Intermediaries
Deficit financing
Compensatory Financing Facility (CFF)
Planned financing program
Export financing interest
Asset based financing
Quarterly financing
Accounts receivable financing
Refinancing
Permanent financing
Multi option financing facility
Federal Financing Bank


 
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