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Without Recourse Financing |
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Without Recourse FinancingFinancing 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 MatchesBridge financingBridge financingInterim financing of one sort or another used to solidify a position until more permanent financing is arranged. Concessional financingConcessional financingLoans made by a government at an interest rate below the market rate as an indirect method of providing a subsidy. Threshold for refinancingThreshold for refinancingThe 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 financingInventory financingUsed 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 FinancingUnderlying FinancingA mortgage, deed of trust, etc., prior to (underlying) a land contract, mortgage, etc , on the same property. Further SuggestionsMezzanine financingBack 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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