Project Financing
Submitted by webmaster on Thu, 2018-07-26 11:40
Project Financing
A method of financing in which the lender makes loans directly to a project and may claim repayment only out of that project. In theory, the lender has no recourse to the project sponsor’s other assets (non-recourse financing) but in practice this is rare. More commonly the extent of the sponsor’s liability is strictly defined (limited recourse financing).