Limited Recourse

Business / Loan / Limited Recourse: Rights only to specifically stipulated assets to satisfy an unpaid debt.

Other Words for Limited

Limited Verb Synonyms: circumscribed, restricted, fixed, predetermined, small, little, reduced, minimal
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Other Words for Recourse

Recourse Verb Synonyms: resort, access, entr‚e, admittance, availability
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Recourse

Business / Accounting / Recourse: The right to seek payment on a discounted note from the payee if the maker defaults. MORE

Nonrecourse Loans

Business / Agriculture / Nonrecourse Loans: Farmers or processors participating in government commodity programs may pledge certain stored commodities as collateral and obtain a loan from the CCC at a commodity-specific, per-unit loan rate. The MORE

Private Limited Partnership

Business / Finance / Private Limited Partnership: A limited partnership with no more than 35 participants that is not registered with the SEC. MORE

Public Limited Partnership

Business / Finance / Public Limited Partnership: A limited partnership with an unlimited number of partners that is registered with the SEC and is available for public trading by broker/dealers MORE

Nonrecourse Loan

Business / Finance / Nonrecourse Loan: A loan taken by limited partners used to finance their portion of the partnership, which is secured by their ownership in the venture. MORE

Mohair Recourse Loan Program

Business / Agriculture / Mohair Recourse Loan Program: A program authorized by the emergency provisions of the FY1999 USDA appropriations act (P.L. 105-277, October 21, 1998) that makes interest-free recourse loans of $2.00 per pound on mohair produced pr MORE

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