Glossary entry (derived from question below)
Spanish term or phrase:
el no recurso a
English translation:
non-recourse to
Added to glossary by
Simon Bruni
Mar 13, 2012 07:52
12 yrs ago
Spanish term
United Kingdom
el no recurso a
Spanish to English
Bus/Financial
Finance (general)
Hello. From a credit rating report on a solar module manufacturer that also builds and manages solar plants:
En XXX es necesario distinguir la deuda financiera corporativa y exigible a la compañía, de la asociada a proyectos solares que mayoritariamente cuentan con financiación mediante la modalidad de “Project Finance” y cuyas características pasan por: un alto apalancamiento financiero con largos calendarios de pagos estructurados a medida del proyecto, el no recurso a la compañía matriz y limitación al reparto de dividendos.
Going into UK English.
Thanks for your help
Simon
En XXX es necesario distinguir la deuda financiera corporativa y exigible a la compañía, de la asociada a proyectos solares que mayoritariamente cuentan con financiación mediante la modalidad de “Project Finance” y cuyas características pasan por: un alto apalancamiento financiero con largos calendarios de pagos estructurados a medida del proyecto, el no recurso a la compañía matriz y limitación al reparto de dividendos.
Going into UK English.
Thanks for your help
Simon
Proposed translations
(English)
| 5 +2 | non-recourse to |
James A. Walsh
|
| 4 +1 | with no recourse/access to |
David Hollywood
|
Proposed translations
+2
35 mins
James A. Walsh
Spain
Spain
Native in Spanish
&
English
Specializes in field
Spain
A cut above the rest in translation...
Native in: English (Variants: Irish, US, UK) 
, Spanish (Variants: Latin American, Standard-Spain)
Works in: Spanish to English, French to English, English to Spanish, and 2 more.
Related KudoZ points
:
158
Spanish term (edited):
el no recurso a
Selected
non-recourse to
Although David's option is valid, I've translted this many times in the past and am positive that this is the preferred phrase.
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Note added at 37 mins (2012-03-13 08:30:01 GMT)
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Definition of 'Non-Recourse Debt'
A type of loan that is secured by collateral, which is usually property. If the borrower defaults, the issuer can seize the collateral, but cannot seek out the borrower for any further compensation, even if the collateral does not cover the full value of the defaulted amount. This is one instance where the borrower does not have personal liability for the loan.
Investopedia Says
Investopedia explains 'Non-Recourse Debt'
These types of projects are characterized by high capital expenditures, long loan periods and uncertain revenue streams. Analyzing them requires a sound knowledge of the underlying technical domain as well as financial modeling skills.
Read more: http://www.investopedia.com/terms/n/nonrecoursedebt.asp#ixzz...
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Note added at 37 mins (2012-03-13 08:30:01 GMT)
--------------------------------------------------
Definition of 'Non-Recourse Debt'
A type of loan that is secured by collateral, which is usually property. If the borrower defaults, the issuer can seize the collateral, but cannot seek out the borrower for any further compensation, even if the collateral does not cover the full value of the defaulted amount. This is one instance where the borrower does not have personal liability for the loan.
Investopedia Says
Investopedia explains 'Non-Recourse Debt'
These types of projects are characterized by high capital expenditures, long loan periods and uncertain revenue streams. Analyzing them requires a sound knowledge of the underlying technical domain as well as financial modeling skills.
Read more: http://www.investopedia.com/terms/n/nonrecoursedebt.asp#ixzz...
4 KudoZ points awarded for this answer.
+1
3 mins
David Hollywood
Native in English
Works in field
worked for int. orgs (IMF, OAS, IDB)
Native in: English
Works in: Spanish to English, German to English
Related KudoZ points
:
842
with no recourse/access to
:)
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Note added at 5 mins (2012-03-13 07:57:39 GMT)
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the parent company
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Note added at 21 mins (2012-03-13 08:13:10 GMT)
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or: independant of parent company funds
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Note added at 23 mins (2012-03-13 08:15:28 GMT)
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but that's a weak option .. it means they cannot rely on parent company support (funds)
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Note added at 24 mins (2012-03-13 08:16:31 GMT)
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and should read "independent" (but disregard that suggestion)
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Note added at 5 mins (2012-03-13 07:57:39 GMT)
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the parent company
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Note added at 21 mins (2012-03-13 08:13:10 GMT)
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or: independant of parent company funds
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Note added at 23 mins (2012-03-13 08:15:28 GMT)
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but that's a weak option .. it means they cannot rely on parent company support (funds)
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Note added at 24 mins (2012-03-13 08:16:31 GMT)
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and should read "independent" (but disregard that suggestion)
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