Non-Recourse Finance: What is the Meaning of Non-Recourse Finance?
Non-Recourse Finance can be defined as, Non-vacuum financing is a type of commercial loan in which the lender can repay the loan only with the money from the project and not with other borrowed assets. These loans are usually obtained through suicide.
- Thanks to non-cooperation financing, the lender can only repay the project amount through a loan.
- If this happens by default, no other assets associated with the borrower can be forfeited to repay the loan.
- Unsecured financing usually requires large guarantees and high interest rates and is commonly used in land development projects.
Literal Meanings of Non-Recourse Finance
Meanings of Non:
Express rejection or absence
Neutral expresses negative connotations when correspondence with them has a specific meaning (e.g., inhuman or dehumanized).
Synonyms of Recourse
person to turn to, expedient, possibility, alternative, possible course of action, option, available resource, resort, hope, place to turn to, way out, choice, remedy, source of assistance
Meanings of Finance:
Especially large amounts of money managed by governments or large companies
Sentences of Finance
Initially, cities and districts funded the project
Synonyms of Finance
money management, endow, fund, pay for, provide capital for, pecuniary matters, back, invest in, subsidize, commerce, capitalize, money matters, economics, provide security for, business, banking, accounting, financial affairs, fiscal matters, investment