Meaning WITHOUT RECOURSE: Giving the lender no right to seek payment or seize assets in the event of nonpayment from anyone other than the party specified in the debt contract (such as a special-purpose entity)
More terms such as Without recourse in Dictionary W.
- Definition Wage-Push Inflation:
- Examples Inflation caused by skyrocketing wages without recourse definition.
- Definition With Rights:
- Examples Shares sold accompanied by entitlement the buyer to buy additional shares in the company's rights issue without recourse explain.
- Definition Weighted Average Maturity:
- Examples average maturity of an MBS is the weighted average of the remaining terms to maturity of the mortgages underlying the collateral pool at the date issue, using as the weighting factor the balance of without recourse what is.
- Definition Whisper Stock:
- Examples A stock rumored to be the target of a takeover bid, drawing speculators who hope to make a profit after the takeover is completed without recourse meaning.
- Definition Weak Dollar:
- Examples A depreciated dollar with respect to other currencies, meaning that more dollars are needed to buy a unit of foreign currency. Antithesis of strong dollar without recourse abbreviation.
