GLOSSARY
Non-Recourse Financing
Non-recourse financing is the project financing for which no loan guarantees or financial support is provided by the sponsors or governments to lenders for the project.
Non-recourse finance is a type of commercial lending that entitles the lender to repayment only from the profits of the project the loan is funding and not from any other assets of the borrower. Such loans are generally secured by collateral.
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