Glossary entry (derived from question below)
English term or phrase:
limited in recourse
Greek translation:
περιορίζονται ως προς την ικανοποίησή τους
Added to glossary by
Spyros Salimpas
Jul 7, 2022 11:30
1 yr ago
13 viewers *
English term
limited in recourse
English to Greek
Law/Patents
Law (general)
Claims against the Company of holders of debt Securities issued by the Company or any other creditors of the Company are limited in recourse to the assets of the Company. Claims of holders of debt Securities issued by the Company in relation to a specific Compartment or any other creditors whose claims arose in relation to such Compartment are limited to the assets of such Compartment only.
Proposed translations
(Greek)
3 | περιορίζονται ως προς την ικανοποίησή τους | Nick Lingris |
3 | Περιορισμένης προσφυγής σε δανεισμό (από ρευστό ή περιουσιακά στοιχεία) | Anastasia Kalantzi |
Proposed translations
18 hrs
Selected
περιορίζονται ως προς την ικανοποίησή τους
Οι απαιτήσεις περιορίζονται ως προς την ικανοποίησή τους / την εξόφλησή τους στα περιουσιακά στοιχεία της εταιρείας / του επιχειρηματικού τμήματος
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8 hrs
Περιορισμένης προσφυγής σε δανεισμό (από ρευστό ή περιουσιακά στοιχεία)
https://www.investopedia.com/terms/r/recourse.asp
What Is Recourse?
A recourse is a legal agreement that gives the lender the right to pledged collateral if the borrower is unable to satisfy the debt obligation. Recourse refers to the lender's legal right to collect. Recourse lending provides protection to lenders, as they are assured of having some repayment, either in cash or liquid assets. Companies that use recourse debt have a lower cost of capital, as there is less underlying risk in lending to that firm.
What Is Recourse?
A recourse is a legal agreement that gives the lender the right to pledged collateral if the borrower is unable to satisfy the debt obligation. Recourse refers to the lender's legal right to collect. Recourse lending provides protection to lenders, as they are assured of having some repayment, either in cash or liquid assets. Companies that use recourse debt have a lower cost of capital, as there is less underlying risk in lending to that firm.
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