The right to demand payment from the endorser of a commercial paper when the first party liable fails to pay.
追
权当有支付义务的第一方不
支付时,可以向商业票据的

要求支付的权力。
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And this is a bit of a sleeper issue because I will often see companies who have made these non-recourse loans and it is technically a loan and so they will set up a receivable on their balance sheet and that is not appropriate.
这是一个容易被忽视的问题,因为
经常看到一些公司发放
这些无追索权的贷款,虽然从技术上讲这是一笔贷款,因此他
会在资产负债表上设立一个应收款项,但这样做并不合适。