Glossary entry

español term or phrase:

clausula sin recurso (en pagare o letra de cambio)

inglés translation:

clause without recourse

Added to glossary by Claudia Martel
May 13, 2005 14:37
20 yrs ago
5 viewers *
español term

clausula sin recurso (en pagare o letra de cambio)

español al inglés Jurídico/Patentes Derecho: (general)
Estuve buscando en internet una definicion de este tipo de clausula en un protesto o letra, pero no lo encontre.
significa lo mismo que la clausula "sin garantia"??
gracias.-
seria non-recourse clause?

Proposed translations

9 minutos
Selected

clause without recourse

contractors under the exception clause without recourse to competitive
bidding...
www.un.org/documents/ga/docs/55/a55481.pdf

without recourse -- a term used in the secondary mortgage market. It is a clause in a sales contract by which a lender sells mortgage loans to an investor. It means the seller/lender is under no obligation to reimburse the buyer/investor for any losses resulting from the purchased loans
http://teachmefinance.com/Financial_Terms/without_recourse.h...

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Note added at 13 mins (2005-05-13 14:50:35 GMT)
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WITHOUT RECOURSE
By completing the endorsement with the clause “without recourse”, the endorsee irrevocably waives his right to claim payment from the endorser even if the debt is not honoured at maturity.
http://eufintrade.ch/inglese/glossary.htm
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4 KudoZ points awarded for this answer. Comment: "gracias!!"
+2
3 minutos

no-recourse clause

Dyches Boddiford - Defer Taxes Using Contracts for Sale
... It means that if the contract has a no-recourse clause, the contract may ...
So, does this mean a no-recourse clause makes a contract for deed a ...
www.reiclub.com/articles/defer-taxes-contracts - 32k - Cached - Similar pages

Peer comment(s):

agree Margarita Palatnik (X)
0 minuto
agree Romina Riestra : =)
12 minutos
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+4
22 minutos

non-recourse clause

FindLaw for Legal Professionals - Case Law, Federal and State ...... The promissory note contains the following non-recourse clause:. This Note shall be binding upon Borrower, its partners, all partners of such partners, ...
caselaw.lp.findlaw.com/scripts/getcase. pl?court=mo&vol=/appeals/011998/&invol=3401_98 - 82k - Cached - Similar pages


Muslim Community Announcements... There is no IOU or Promissory Note in Guidance contract - No money is ... with zero profit payment applied • Non-recourse clause in our halal contract ...
www.muslimaccess.com/community_events/results_form.asp - 27k - Cached - Similar pages


[PDF] TABLE OF CONTENTSFile Format: PDF/Adobe Acrobat - View as HTML
... Exhibit A: Sample Non-Recourse Clause ... Form of Promissory Note. 301. Form of Assignment of Leases and Rents. 311. Form of Closing Checklist ...
https://www.ali-aba.org/aliaba/SK006TOC.pdf - Similar pages


[PDF] TABLE OF CONTENTSFile Format: PDF/Adobe Acrobat - View as HTML
... Exhibit A: Sample Non-Recourse Clause. 870. Exhibit B: Non-Borrower Trustor Addendum ... Promissory Note. 909. By Alan Wayte. VOLUME 2 ...
https://www.ali-aba.org/aliaba/SK005-TOC.pdf - Similar pages


[PDF] Page 1 of 14 Fauquier County Board of Supervisors' Minutes 1/22 ...File Format: PDF/Adobe Acrobat - View as HTML
... conditioned upon inclusion in the promissory note, and written ... the lender, of a non-recourse clause which specifically waives and releases ...
www.fauquiercounty.gov/documents/ departments/bos/pdf/minutes/03-18-97.pdf - Similar pages


Mortgage-Backed Securitization: New legal development in Mexico by ...... of the promissory note”[103]which is collateralized with the mortgages. ... But the introduction of the non-recourse clause to the guaranty trust has ...
www.natlaw.com/pubs/spmxbk8.htm - 389k - Cached - Similar pages


[PDF] 'Bad Boy' Guarantees - Courts are Enforcing Non-Recourse Carve ...File Format: PDF/Adobe Acrobat - View as HTML
... a promissory note in connection with a $10 million loan to finance a hotel in Orlando, Fla. As is customary, the note contained a non-recourse clause but also ...
www.gdclaw.com/fstore/documents/ Pubs/NYLJ_ALevy_Bad_Boy.pdf - Supplemental Result - Similar pages


Factoring/Accounts Receivable Financing.... When the factoring agreement is signed with a non-recourse clause the financial ... of financial transaction will most likely include the use of a promissory note. ...
cordobafinancing.com/page2.html - 16k - Supplemental Result - Cached - Similar pages


[PDF] B & MKFile Format: PDF/Adobe Acrobat - View as HTML
... The provision in the NIL, commonly known as the Barzon Clause 8 (the “Non-Recourse Clause”), that created this feature of the new security interest ...
www.bakerinfo.com/.../ 08-Amendments+to+SILM+Eng+Esp4.pdf - Supplemental Result - Similar pages


[PDF] REPORTED IN THE COURT OF SPECIAL APPEALS OF MARYLAND No. 333 ...File Format: PDF/Adobe Acrobat - View as HTML
... Alternative, Motion For Summary Judgment,” were the following documents: the Deed of Trust, the Promissory Note, a note ... included “a non-recourse clause . . ...

Peer comment(s):

agree bigedsenior : That's the way I've always known it.
26 minutos
agree Gabriela Rodriguez
47 minutos
agree Patrice
2 horas
agree Claudia Luque Bedregal
8 horas
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26 minutos

non-recouse clause

Without recourse: words that appear on a bill of exchange (letra de cambio) to indicate the holder has no recourse to the person from whom it was bought, if it is not paid. It may be written on the on the face of the bill or as an endorsement. If these words do not appear on the bill, the holder does have recouse to the drawer or endorser if the bill is dishounourd at maturity.

I sometimes receive bills of exchange here in Spain from agencies. If it is nominative, made out to me, I pay about €0.90 to have the amount accredited to my account, if it bounces then it is a valid judicial instrument for me to pursue payment. If it is not made out personally to me, I don't pay the €0.90 and should it bounce I would need to take the small claims in order to receive payment.

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Note added at 33 mins (2005-05-13 15:11:25 GMT)
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Correction: I sometimes receive promissory notes (pagarés).
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