English term (edited): limited recourse financing of concessions

Este vorba de concesiuni finantate prin metoda 'project financing' (finantare de proiect garantata cu activele proiectului si rambursata din veniturile aduse de proiectul finantat).

project financing (limited recourse financing) = Money or loans put up for a particular project (often a major property development), which are secured on that project and its foreseen earnings rather than forming part of the general borrowing of the company carrying out the development. In case of default, the lender has no recourse to the other assets of the company. (A Dictionary of Business and Management. Ed. Jonathan Law. Oxford University Press, 2006.)

limited recourse financing = 1. Recourse to a project sponsor attached to a specific project finance undertaking. 2. A loan made to a company specifically set up by a developer to manage a particular property. In case of default, the lender has no recourse to the other assets of the developer. (A Dictionary of Accounting. Ed. Jonathan Law and Gary Owe. Oxford University Press, 1999.)

limited recourse = A condition attached to a project finance undertaking that allows recourse to the sponsor under certain specified conditions or amounts. In project finance, limited recourse is more common than either full recourse or totally non-recourse conditions. ( The Handbook of International Financial Terms. Peter Moles and Nicholas Terry. Oxford University Press 1997)

project finance = A form of asset-based financing where the claims of the debtholders are against an asset or project rather than against the sponsor as a whole. The exact terms and conditions vary considerably depending on the degree of recourse and the undertakings made by the sponsor of the project. Sometimes referred to as limited recourse finance. (The Handbook of International Financial Terms. Peter Moles and Nicholas Terry. Oxford University Press 1997)

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