Limited recourse: Difference between revisions

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{{a|contract|
{{a|repack|{{image|Fidgety phillip|jpg|What happens if you do not concentrate on your debt extinction language}}}}Of a {{tag|contract}}, that a debtor’s obligations under it are limited to a defined pool of assets. You see this a lot in [[repackaging]]s, [[securitisation]]s and other structured transactions involving [[espievie]]s. [[Security]] and [[limited recourse]] are fundamental structural aspects of contracts with [[special purpose vehicle]]s and [[investment fund]]s.  
[[File:Fidgety phillip.jpg|450px|thumb|center|What happens if you do not concentrate on your debt extinction language]]
}}Of a {{tag|contract}}, that a debtor’s obligations under it are limited to a defined pool of assets. You see this a lot in [[repackaging]]s, [[securitisation]]s and other structured transactions involving [[espievie]]s. [[Security]] and [[limited recourse]] are fundamental structural aspects of contracts with [[special purpose vehicle]]s and [[investment fund]]s.  


===The basic idea===
===The basic idea===
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==Multi-issuance [[repackaging]] vehicles: secured, limited recourse==
==Multi-issuance [[repackaging]] vehicles: secured, limited recourse==
{{Repackaging limited recourse capsule}}
{{Repackaging limited recourse capsule}}
{{limited value of security in repack}}
===“[[Extinction]]” versus “[[no debt due]]”?===
===“[[Extinction]]” versus “[[no debt due]]”?===
{{extinction vs no debt due}}
{{extinction vs no debt due}}
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*[[Bankruptcy remoteness]]
*[[Bankruptcy remoteness]]
*[[Special purpose vehicle]]
*[[Special purpose vehicle]]
*[[Voidable preference]]
{{ref}}
{{ref}}
{{Technical Tuesday|October 20}}
{{Technical Tuesday|October 20}}