Pervizhuseyn Posted 14 years ago
English in Russia
recourse contract
please help translate the following:
a full commercial recourse contract
a full commercial recourse contract
Top answer
recourse refers to the right, in an agreement, to demand payment from the person who is taking on an obligation. But: A limited recourse contract only allows the Provider to take assets that are actually named in the original agreement. A non-recourse contract limits the Provider's rights to the particular asset being financed.
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recourse refers to the right, in an agreement, to demand payment from the person who is taking on an obligation.
But:
A limited recourse contract only allows the Provider to take assets that are actually named in the original agreement.
A non-recourse contract limits the Provider's rights to the particular asset being financed.
So, 'a full commerc
But:
A limited recourse contract only allows the Provider to take assets that are actually named in the original agreement.
A non-recourse contract limits the Provider's rights to the particular asset being financed.
So, 'a full commerc
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