Limited recourse

简明释义

有限追索权

英英释义

例句

1.The loan agreement stipulates that in case of default, the lender has limited recourse 有限追索权 to the borrower's assets.

贷款协议规定，如果违约，贷方对借款人的资产有有限追索权。

2.Due to the limited recourse 有限追索权 nature of the bond, investors are at higher risk.

由于债券的有限追索权性质，投资者面临更高的风险。

3.The partnership structure was designed to provide limited recourse 有限追索权 to the general partners.

该合伙结构旨在为普通合伙人提供有限追索权。

4.Investors should be aware that with limited recourse 有限追索权, they may not recover their entire investment if the project fails.

投资者应该意识到，拥有有限追索权的情况下，如果项目失败，他们可能无法收回全部投资。

5.In a project finance deal, the investors have limited recourse 有限追索权 to the project's cash flows.

在一个项目融资交易中，投资者对项目的现金流有有限追索权。

作文

In the world of finance and business, the term Limited recourse is often used to describe a specific type of financial arrangement where the lender's ability to seek repayment is restricted to certain assets or income streams. This concept is particularly relevant in project financing and certain types of loans, where the risks are shared between the lender and the borrower. Understanding Limited recourse is essential for both investors and entrepreneurs as it can significantly affect the structure of a deal and the potential for financial loss.To illustrate this concept, consider a scenario where a company seeks funding to develop a new renewable energy project. The company approaches a bank for a loan, but the bank is concerned about the risks involved in the project. To mitigate these risks, the bank agrees to provide financing on a Limited recourse basis. This means that if the project fails and does not generate the expected revenue, the bank can only claim the assets associated with the project itself, rather than pursuing the company's other assets or personal guarantees from its owners.This arrangement benefits both parties. The borrower can secure funding without putting all of their assets at risk, while the lender can limit their exposure to losses. However, it also means that the lender must conduct thorough due diligence on the project's viability, as their recovery options are limited if the project does not succeed.There are several advantages to Limited recourse financing. For one, it allows businesses to undertake large projects that they might not otherwise be able to fund. It encourages investment in sectors such as renewable energy and infrastructure, where upfront costs can be substantial. Additionally, it can lead to better terms for borrowers, as lenders may be willing to offer lower interest rates in exchange for the limited risk.However, there are also disadvantages. Borrowers may face higher costs if the lender perceives a higher risk associated with the project. Furthermore, if the project does fail, the borrower still faces significant financial challenges, even if the lender cannot pursue them for the full amount of the loan. This creates a delicate balance between risk and reward that must be carefully managed.In conclusion, understanding Limited recourse is crucial for anyone involved in finance or entrepreneurship. It highlights the importance of risk management and the need for thorough planning and analysis when undertaking significant projects. As the global economy continues to evolve, the use of Limited recourse financing is likely to grow, making it an essential concept for future business leaders to grasp. By recognizing the implications of this financial structure, individuals and companies can make informed decisions that align with their risk tolerance and financial goals.

在金融和商业的世界中，术语Limited recourse通常用来描述一种特定类型的金融安排，在这种安排中，贷方寻求还款的能力仅限于某些资产或收入来源。这个概念在项目融资和某些类型的贷款中特别相关，因为风险在贷方和借款人之间共享。理解Limited recourse对于投资者和企业家来说至关重要，因为它可以显著影响交易的结构和潜在的财务损失。为了说明这一概念，考虑一个场景：一家公司寻求资金开发一个新的可再生能源项目。该公司向一家银行申请贷款，但银行对项目涉及的风险感到担忧。为了减轻这些风险，银行同意以Limited recourse的方式提供融资。这意味着如果项目失败并未产生预期的收入，银行只能索赔与项目本身相关的资产，而不能追索公司的其他资产或其所有者的个人担保。这种安排使双方受益。借款人可以在不冒全盘风险的情况下获得资金，而贷方则可以限制他们的损失风险。然而，这也意味着贷方必须对项目的可行性进行彻底的尽职调查，因为如果项目未能成功，他们的回收选项是有限的。Limited recourse融资有几个优点。首先，它允许企业承担他们可能无法资助的大型项目。它鼓励对可再生能源和基础设施等领域的投资，这些领域的前期成本可能相当可观。此外，在贷方可能愿意以较低的利率提供更好的条款以换取有限的风险。然而，也存在一些缺点。如果贷方认为项目存在更高的风险，借款人可能面临更高的成本。此外，如果项目确实失败，借款人仍然面临重大财务挑战，即使贷方无法追索他们的全部贷款金额。这在风险和收益之间创造了一个微妙的平衡，必须小心管理。总之，理解Limited recourse对于任何参与金融或创业的人来说都是至关重要的。它突显了风险管理的重要性，以及在进行重大项目时进行充分规划和分析的必要性。随着全球经济的不断发展，Limited recourse融资的使用可能会增加，使其成为未来商业领袖必须掌握的基本概念。通过认识到这种金融结构的影响，个人和公司可以做出符合其风险承受能力和财务目标的明智决策。