- to pay without recourse
- ohne Rückgriff zu zahlen
First banking dictionary. Winfried Honig. 2014.
to pay without recourse
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Without recourse — Without the lender having any right to seek payment or seize assets in the event of nonpayment from anyone other than the party (such as a special purpose entity) specified in the debt contract. The New York Times Financial Glossary * * * without … Financial and business terms
Without Recourse — This phrase has several meanings. In a general sense, when the buyer of a promissory note or other negotiable instrument assumes the risk of default. Without recourse can also refer to a financing arrangement where the dealer s maximum possible… … Investment dictionary
without recourse — A lending expression that means loans or leases that have been acquired from an original lender with no guaranty from the originator. American Banker Glossary Giving the lender no right to seek payment or seize assets in the event of nonpayment… … Financial and business terms
recourse — re·course / rē ˌkōrs, ri kōrs/ n 1 a: the act of turning to someone or something for assistance esp. in obtaining redress b: a means to a desired end esp. in the nature of a remedy or justice; also: the end itself 2: the right or ability to… … Law dictionary
recourse — [rē′kôrs΄, ri kôrs′] n. [ME recours < OFr < L recursus, a running back: see RE & COURSE] 1. a turning or seeking for aid, safety, etc. [to have recourse to the law] 2. that to which one turns seeking aid, safety, etc. [one s last recourse]… … English World dictionary
recourse — The right to seek repayment of debt. Usually used to describe the right to seek repayment from an originator or prior endorser who sold or assigned debt to another party. American Banker Glossary Term describing a type of loan. If a loan is with… … Financial and business terms
All-pay auction — In economics and game theory an all pay auction, is an auction in which all bidders must pay regardless of whether they win the prize, which is awarded to the highest bidder as in a conventional auction. The all pay auction is often used to model … Wikipedia
To go without — Go Go, v. i. [imp. {Went} (w[e^]nt); p. p. {Gone} (g[o^]n; 115); p. pr. & vb. n. {Going}. Went comes from the AS, wendan. See {Wend}, v. i.] [OE. gan, gon, AS. g[=a]n, akin to D. gaan, G. gehn, gehen, OHG. g[=e]n, g[=a]n, SW. g[*a], Dan. gaae; cf … The Collaborative International Dictionary of English
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