KudoZ home » Spanish to English » Finance (general)

sin recurso

English translation: non-recourse financing

Login or register (free and only takes a few minutes) to participate in this question.

You will also have access to many other tools and opportunities designed for those who have language-related jobs
(or are passionate about them). Participation is free and the site has a strict confidentiality policy.

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

Spanish term or phrase:	financiación sin recurso
English translation:	non-recourse financing
Entered by:	Clare Macnamara

Options:
- Contribute to this entry
- Include in personal glossary

06:22 Apr 29, 2005

Spanish to English translations [PRO]
Bus/Financial - Finance (general)

Spanish term or phrase: sin recurso

tiene que ver con el financiamiento y se aplica a menudo al "factoring":

Si el Acreditado incumple obligaciones de pago con terceros acreedores en relación a endeudamiento financiero y/o cualquiera de sus Filiales Relevantes incumple obligaciones de pago con terceros acreedores en relación a endeudamiento financiero por importe superior a 125 millones de Euros computados de forma acumulativa, en este último caso siempre y cuando el porcentaje de la Deuda Financiera Corporativa (incluida la Deuda Financiera de XXX B.V. y YYY S.A) con relación a la Deuda Financiera Total del Grupo XXX, excluída la deuda financiera formalizada bajo la modalidad de Project Finance SIN RECURSO, sea inferior al 75%.

Alan Lambson KudoZ activity Questions: 534 (9 open) (8 without valid answers) (13 closed without grading) Answers: 214
Local time: 00:36

non-recourse finance

Explanation:
Good luck!

--------------------------------------------------
Note added at 18 mins (2005-04-29 06:41:15 GMT)
--------------------------------------------------

sorry, I meant FINANCING

Selected response from:

Clare Macnamara
Local time: 08:36

Grading comment

Thanks!
4 KudoZ points were awarded for this answer

Summary of answers provided

4 +2

non-recourse finance

Clare Macnamara

without recourse

patrick32

Answers

13 mins confidence:

without recourse

Explanation:
Without Recourse Financing
The financial definition for 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.

Reference: http://www.financial-terms.co.uk/finance-glossary/without-re...

patrick32
Native speaker of:

Spanish,