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18:23 Apr 8, 2008
English to Portuguese translations [PRO] Bus/Financial - Finance (general)
English term or phrase:Non-recourse Loan
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Campbell R. Harveys Financial Dictionary
In the case of default, the lender has no ability to claim assets over and above what the limited partners contributed.
A loan for which no partner or related person bears the economic risk of loss. For example, if a partnership fails to repay a nonrecourse loan, the lender has no recourse against any partner except to foreclose of the assets used to secure the loan.
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Marcos de Lima United Kingdom Local time: 11:26 Native speaker of: English, Portuguese PRO pts in category: 4