recourse agreement

recourse agreement
An agreement between a hire-purchase company and a retailer, in which the retailer undertakes to repossess the goods if the buyer fails to pay his regular instalments.

Big dictionary of business and management. 2014.

Игры ⚽ Поможем сделать НИР

Look at other dictionaries:

  • Recourse — Term describing a type of loan. If a loan is with recourse, the lender has a general claim against the parent company if the collateral is insufficient to repay the debt. The New York Times Financial Glossary * * * recourse re‧course [rɪˈkɔːs ǁ… …   Financial and business terms

  • 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

  • agreement — 1. Grammatical agreement (also called concord) is the correct relation to each other of different parts of a sentence, so that (for example) the form of the verb corresponds to its subject (The house was small, and its walls were painted white),… …   Modern English usage

  • Recourse — A legal agreement by which the lender has the rights to pledged collateral in the event that the borrower is unable to satisfy debt obligation. Recourse refers to the legal right to collect. Recourse lending provides protection to lenders, as… …   Investment dictionary

  • Recourse —   A general term meaning that the purchaser of a financial asset from an original creditor has a claim on the original creditor in case the debtor defaults. Specific arrangements to provide recourse arise in a variety of innovative transactions,… …   International financial encyclopaedia

  • Power Purchase Agreement — A Power Purchase Agreement (PPA) is a legal contract between an electricity generator and a purchaser of energy or capacity (power or ancillary services). Such agreements play a key role in the financing of electricity generating assets. Under… …   Wikipedia

  • Doha Agreement — This refers to a political agreement concerning Lebanese factions. For the Doha Declaration on public health, see Doha Declaration. For other uses, see Doha conference. Lebanon This article is part of the series: Poli …   Wikipedia

  • Full Recourse Debt — A guarantee that no matter what happens, the borrower will repay the debt. Typically with a full recourse loan no occurrence, such as loss of job or sickness, can get the borrower out of the debt obligation. In this situation, if there is no… …   Investment dictionary

  • Multilateral Agreement on Investment — The Multilateral Agreement on Investment (MAI) was a draft agreement negotiated between members of the Organisation for Economic Co operation and Development (OECD) in 1995–1998. Its ostensible purpose was to develop multilateral rules that would …   Wikipedia

  • Ankara Agreement — The Agreement Creating An Association Between The Republic of Turkey and the European Economic Community (the Ankara Agreement ), made on December 1, 1964, is an agreement aiming towards the accession of Turkey into the European Economic… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”