The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008.
Webster's New World Law Dictionary. Susan Ellis Wild. 2000.
nonrecourse — adjective Date: 1926 being or based on an agreement in which the lender has no right of recourse to the borrower s assets beyond stated limits < a nonrecourse note > < a nonrecourse loan > … New Collegiate Dictionary
Nonrecourse liability — is any liability of a company classed as a nonrecourse debt under United States Treasury regulation section 1.704 2(b)(3).[1] References ^ ecfr.gpoaccess.gov … Wikipedia
nonrecourse debt — n. A debt for which the borrower is not personally liable and that is instead secured by the purchased property, which the creditor can repossess if the debtor defaults. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks,… … Law dictionary
nonrecourse loan — A loan for which no partner or related person bears the economic risk of loss. For example, if a partnership fails to repay a nonrecourse loan, the lender has no recourse against any partner except to foreclose of the assets used to secure the… … Financial and business terms
nonrecourse debt — Debt secured by the property that it is used to purchase. The purchaser of the property is not personally liable for the debt upon default. Rather, the creditor s recourse is to repossess the related property. Nonrecourse debt generally does not… … Black's law dictionary
nonrecourse debt — Debt secured by the property that it is used to purchase. The purchaser of the property is not personally liable for the debt upon default. Rather, the creditor s recourse is to repossess the related property. Nonrecourse debt generally does not… … Black's law dictionary
nonrecourse — adjective Of or pertaining to a form of financing, typically debt financing, in which the lenders recourse to recovery in the event of default is limited to the collateral asset only … Wiktionary
Nonrecourse — Without recourse, as in a non recourse lease. The New York Times Financial Glossary … Financial and business terms
nonrecourse — In the case of default, the lender has no ability to claim assets over and above what the limited partners contributed. Bloomberg Financial Dictionary … Financial and business terms
nonrecourse — adj. without recourse; of a loan in which only the property mortgaged may be reclaimed in the case of default … English contemporary dictionary
