BNET Business Dictionary

Business Definition for: Recourse Agreement

  • an agreement in an installment plan whereby the retailer repossesses the goods being purchased in the event of the purchaser failing to make regular payments

Additional Resources

Sample Assignment Of Accounts Receivable With Recourse
We reproduce a number of contracts and forms that are useful in forming and operating a business with a maximum level of asset protection. From the earliest agreement to start a company to ways to remove valuable assets from a growing business, these forms cover the most popular strategies and...
Tags: Asset, Office Depot Inc., Financing, Accounts Receivable, Asset Management, Operational Accounting, Investment, Financial Accounting, Operational Planning, Business Operations, Finance
Tools & templates 2004-03-01
ECGD: Minister for Trade welcomes OECD agreement on project finance
M2 PRESSWIRE-4 June 1998-ECGD: Minister for Trade welcomes OECD agreement on project finance C1994-98 M2 COMMUNICATIONS LTD RDATE:030698 Lord Clinton-Davis, the Minister for Trade, today welcomed the OECD's announcement that an agreement had been reached to amend the Consensus Arrangement for Officially Supported Export Credits...
Tags: agreement, finance, OECD, repayment
Research articles 1998-06-04
Hometown Auto Retailers Enters Customized Financing Agreement with Universal Underwriters Acceptance Corp
Business Editors WATERTOWN, Conn.--BUSINESS WIRE--Sept. 26, 2000 UUAC to provide assistance and depth to Hometown's current sub-prime financing market Hometown Auto Retailers Inc. (Nasdaq:HCAR) has entered a customized, non-recourse financing agreement with Universal Underwriters Acceptance Corp. UUAC to provide all Hometown Auto dealerships with sub-prime financing...
Tags: Hometown Auto Retailers Inc.
Research articles 2000-09-26
What Are the Dangers of a Post-Closing Occupancy Agreement?
Dear Ali; I will be closing on the sale of my place soon, and the buyer and I have discussed a post-closing occupancy agreement that would let me stay in the apartment for a few extra weeks after closing. (We are rushing the closing date because...
Tags: Buyer, Insurance, Financial Planning, Business Operations, Corporate Insurance, Finance, Alison Rogers
Blog posts 2009-05-18
Meruelo Maddux Properties, Inc Q4 2008 Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Your first question comes from Analyst for Jordan Sadler – Keybanc Capital Markets. Analyst for Jordan Sadler – Keybanc Capital Markets I just want to try to better understand your process and strategy and so what exactly would be the benefit...
Tags: Call Transcript, Earnings, Recourse, Asset Management, Operational Accounting, Personal Finance, Operational Planning, Business Operations, Finance, Seeking Alpha, Meruelo Maddux Properties Inc.
Earnings calls 2009-03-12
Nonrecourse Agreements: Where is the Nonrecourse?
After reviewing a funding source's form of agreement for a nonrecourse loan or a non-recourse sale of lease agreement, counsel to the entity selling or financing its leases. Seller's counsel is correct insofar as a typical non-recourse loan agreement or non-recourse sale of lease agreement that requires the seller to...
Tags: Seller, Agreement
White papers 2001-05-12
How Meaningful Are Restatements of Assets at Homebuilder Lennar?
In an interview on CNBC Friday afternoon, Stuart Miller, Chief Executive Officer of Lennar Corp., responded to allegations the homebuilder used money from joint ventures to build up its balance sheet, saying it was "just not true." Barry Minkow, of the Fraud Discovery Institute, posted information on his website earlier...
Tags: Asset, Lennar Corp., Reimbursement Agreement, Sales Strategy, Balance Sheets, Asset Management, Investment, Sales Force Management, Financial Accounting, Sales, Financial Statements, Finance, Operational Planning, Business Operations, David Phillips
Blog posts 2009-01-09
RATING FOR LOAN PARTICIPATION NOTES ISSUED BY DRESDNER BANK
Moody's Investors Service has assigned arating of B1 to the upcoming issue of loan participation notes issued byDresdner Bank AG on a limited-recourse basis for the sole purpose offunding a loan to UkrSibbank pursuant to a loan agreement betweenDresdner BMoody's Investors Service has assigned arating of B1 to the upcoming...
Tags: IBM Lotus Notes, Moody's Corp.
Research articles 2004-03-14
ITT Educational Services, Inc. Q4 2007 Earnings Call Transcript
Question-and-Answer SessionThank you. Ladies and gentlemen at this time we will be conducting a question and answer session. [Operator Instructions]. Thank you. Our first question comes from the line of Gary Bisbee with Lehman Brothers. Please proceed with your question. Gary Bisbee - Lehman Brothers Good morning and congratulations...
Tags: ITT Educational Services Inc.
Earnings calls 2008-01-24
UKRAINE: RATING FOR LOAN PARTICIPATION NOTES ISSUED BY DRESDNER BANK.(UkrSibbank)(Brief Article)
Moody's Investors Service has assigned a rating of B1 to the upcoming issue of loan participation notes issued by Dresdner Bank AG on a limited-recourse basis for the sole purpose of funding a loan to UkrSibbank pursuant to a loan agreement betwee Moody's...
Tags: Moody's Corp.
Research articles 2004-03-14
MIG prepares for flight
Macquarie Group's listed satellite funds are separately working their way, slowly but methodically, towards independence – Macquarie Infrastructure Group being the latest to acknowledge it is exploring ways to restructure and cut its ties.Earlier in the year MIG laid the groundwork for a re-working of the Macquarie model of leveraged...
Tags: asset, portfolio
News items 2009-08-20
Thornburg Mortgage Inc. Q3 2007 Earnings Call Transcript
Question-and-Answer Session Operator Thank you. [Operator Instructions]. Our first question is with Richard V. Shane with Jefferies and Company. Please go ahead sir. Richard V. Shane - Jefferies & Co. Larry, thanks for taking my question. I’m going to ask you to try to...
Tags: Thornburg Mortgage Inc.
Earnings calls 2007-10-18
Hoku Scientific, Inc. F2Q09 (Qtr End 09/30/08) Earnings Call Transcript
Question-and-Answer Session Operator Operator instructions And we’ll take our first question from Colin Rusch. Colin Rusch – Broadpoint Capital Dustin, can we get into the issues of Solargiga for just a little bit? What’s did the delay? Does it have anything to do with the resignation of Solargiga’s CFO?...
Tags: Payment, Call Transcript, Agreement, Earnings, Hoku Scientific Inc., Operational Accounting, Finance, Seeking Alpha
Earnings calls 2008-10-28
Teams rejected Ecclestone offer of bigger share
Formula One teams snubbed an offer from Bernie Ecclestone for a greater share of profits aimed at stopping them quitting the sport.The championship has suffered a series of setbacks in the past two seasons with three of the six carmakers pulling out. Mr Ecclestone, the F1 rights holder, told...
Tags: Team, Automobile Company, F1, Team Management, Manufacturing, Management, Company News, Financial Times
External links 2009-11-16
Meritage Homes Q4 2007 Earnings Call Transcript
Question-and-Answer Session Operator Your first question comes from the line of David Goldberg - UBS. David Goldberg - UBS If you could maybe start by talking about how comfortable you are with the liquidity position that your land bankers have and just give some general ideas of...
Tags: Meritage Homes Corp.
Earnings calls 2008-02-04
Kiss Your Freedom Goodbye.
One of the big perks of being in Sales has trad- itionally been the freedom to manage your own time. The un- written agreement between sales and management has been that as long as you're making quota, you can pretty much do what you want. But that gentleman's...
Tags: Business Operations, Phone, Sales, Insurance, Sales Force Management, Sales Strategy, Sales Representative, Cell Phone, Corporate Insurance, Geoffrey James, Recruitment & Selection
Blog posts 2007-10-16
Acta talks focus on three strikes, no appeal deal for software pirates
Negotiators are meeting this week in Seoul to discuss enforcement measures against copyright infringement as part of a global anti-counterfeiting trade agreement Acta. Leaked documents suggest that the proposals may give enormous power to copyright holders to police material on the internet without internet users having recourse to the courts....
Tags: Internet, European Parliament
News items 2009-11-04
Interviewing Candidates and Making Job Offers
A job interview has two primary objectives: First, to find out if the candidate is qualified for the job; and second, to provide the candidate with information about the position and the company. To ensure the right person is hired, it's essential that all candidates have the same opportunities to...
Tags: Job, Question, Interview, Candidate, Recruitment & Selection, Human Resources, Workforce Management, Hiring, Body Language, Disability Employment Assistance, BNET Editorial
Articles 2007-11-28
Lessons from the GE-Honeywell Non-Merger
The article asserts that both GE and Honeywell were blissful when the antitrust division of the U.S. Justice Department gave its blessing to what would have been the largest industrial acquisition ever. It was stunning news when GE, announced last October that it had reached an agreement to acquire Honeywell....
Tags: Honeywell International Inc., General Electric Co., Antitrust, Corporate Law, Mergers & Acquisitions, Security, Business Operations, Investment, Finance
White papers 2001-07-04
Build your own consulting contract using this sample form
Both independent consultants and their clients benefit when they're working with a solid contract. Download this sample contract from TechRepublic member and IT consultant Randy Barger as a guide for preparing your next consulting agreement. E-mail makes it easy to assume a fairly informal relationship with your...
Tags: TechRepublic Inc., Consultant, Client, Consulting, Outsourcing, It Operations, Business Operations, Outsourcing & Subcontracting
Tools & templates 2006-01-30