In most cases, the lender will require an individual who has control of or a controlling interest in the borrower to guaranty the loan to the extent of the recourse liability arising from the non-recourse carve-outs.he second type of non-recourse carve-outs includes acts or events that result in recourse liability only to the extent that the lender suffers a loss from such a carve-out event. Examples are: 1  Fraud or misrepresentation, 2  Gross negligence or willful misconduct, 3  Any environmental indemnification,
Quite simply, a balloon payment is a lump sum payment that is attached to a loan. The payment, which has a higher value than your regular repayment charges, can be applied at regular intervals or, as is more usual, at the end of a loan period.
From Wikipedia, the free encyclopedia. An advance payment, or simply an advance, is the part of a contractually due sum that is paid or received in advance for goods or services, while the balance included in the invoice will only follow the delivery. It is called a prepaid expense in accrual accounting for the entity issuing the advance. Advanced payments are recorded as assets on the balance sheet. As these assets are used they are expended and recorded on the income statement for the period in which they are incurred.