The instrument is a form of senior debt that is paid back from the issuer's cash flows but is also secured against a ring-fenced pool of assets, such as mortgage loans, in the event of default.
这种证券是优先债务形式的一种，发行者需要用自己的现金流来偿还，并且要有一定隔离的资产池作为保障，比如说抵押贷款，以免发生不能履行责任的情况。
But recently, some Irish mortgage providers were offering "non-recourse" loans, which give them the right to repossess property in the event of default but not to pursue borrowers personally.
然而在近期，爱尔兰一些按揭贷款提供者推出了“无追索权”贷款，让它们有权在出现违约的情况下收回房产，但无权追索借款人个人的偿债责任。
Security Assets pledged by a borrower to secure a loan or other credit, and subject to seizure in the event of default.
担保借方用来担保贷款或其他信贷的资产，银行在违约时可以就这些资产变现所得价款优先受偿。
It also sets out the duties of borrower and the lender and in the event of default, the rights and remedies of each party.
它也列明万一发生违约事件，借款人与贷方的责任，以及双方的权利与补救方法。
Failure to pass these additional completion tests would result in an event of default and potential acceleration of the debt.
如果不能通过这些额外的完工测试，则会被认定为是一个违约事件，从而潜在地有可能造成被要求加速还债的后果。
Netting may take several forms which have varying degrees of legal enforceability in the event of default of one of the parties.
轧差可采用不同的方式进行，这些方式在一方丧失清偿能力的情况下，其法律强制轧差的程度不尽相同。
Borrowers' capital structures-the various layers of debt and equity, each with different rights in the event of default-are now more complex.
目前借款人的资本结构愈发复杂(发生违约时，负债和权益的层次不同，则权利各异)。
Real Estate serves as security for a Mortgage loan. In the event of Default on the loan the lender may sell the property to satisfy the debt.
房地产可以作为抵押贷款的抵押品。在贷款无法按时归还时，债权人可将此财产变卖以所得来抵偿债务。
No action pursuant to this paragraph shall affect any subsequent Event of Default or Potential Event of Default or impair any right or remedy consequent thereon.
根据本节的任何行为概不影响任何后续的违约事件或潜在违约事件或损害因此产生的任何权利或补救后果。
If you fail to meet margin calls when due this will constitute an Event of Default and we will be entitled to exercise our rights set out in the General Dealing Terms.
若客户未能如期追加保证金，则构成违约事件，且本公司有权行使一般交易条款中列出的本公司的权利。
If you fail to meet margin calls when due this will constitute an Event of Default and we will be entitled to exercise our rights set out in the General Dealing Terms.
若客户未能如期追加保证金，则构成违约事件，且本公司有权行使一般交易条款中列出的本公司的权利。
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