limited recourse financing

limited 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 assets of the developer.

Accounting dictionary. 2014.

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Look at other dictionaries:

  • limited recourse financing — See limited recourse loan. Practical Law Dictionary. Glossary of UK, US and international legal terms. 2010 …   Law dictionary

  • limited recourse financing — See project financing …   Big dictionary of business and management

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  • project financing — limited recourse financing Money or loans put up for a particular project (often a major property development), which are secured on that project and its foreseen earnings rather than forming part of the general borrowing of the company carrying… …   Big dictionary of business and management

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  • Project finance — is the financing of long term infrastructure and industrial projects based upon a complex financial structure where project debt and equity are used to finance the project. Usually, a project financing scheme involves a number of equity investors …   Wikipedia

  • Build-Operate-Transfer — (BOT) is a form of project financing, wherein a private entity receives a concession from the private or public sector to finance, design, construct, and operate a facility for a specified period, often as long as 20 or 30 years. After the… …   Wikipedia

  • completion risk — The inherent risk in limited recourse financing of a project that the project will not be completed. Compare: technological risk, supply risk …   Accounting dictionary

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