Non recourse finance

Finance from a lender for a commercial credit on terms which transfer the risk of default by the commercial debtor from the commercial seller to the lender or some third party guarantor or insurer; the lender has no recourse to the commercial seller.

In project finance, a financing which relies exclusively on the cashflows arising from the project and where the lender has no recourse to the company or companies undertaking the project.

See also

• Company
• Default
• Finance
• Guarantor
• Insurer
• Project finance
• Recourse
• Recourse finance