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1586 terms

Glossary

Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.

Showing 1 term

Non-recourse debt

Accounting

Borrowing whose lender can look only to a specified project or entity and its assets for repayment, with no claim on the rest of the group.

In plain terms

It cannot be netted against cash held elsewhere in the group in either direction: the lender cannot reach that cash, and that cash is not relieved by this debt being repaid.

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Indian stock market glossary · Market Vidyalaya