Without recourse

without the lender having any right to seek payment or seize assets in the event of default from anyone other than the party (such as a special-purpose entity) specified in the debt contract.

Similar financial terms

Without
If 50 were bid in the market and there was no offer, the quote would be "50 bid without." The expression "without" indicates a one-way market.

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.

Nonrecourse
Without recourse, as in a non-recourse lease.

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SDP

Sudanese Pound from Sudan.


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