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nonrecourse loan

A loan in which the borrower is not held personally liable in the case of default.

Related information about nonrecourse loan:
  1. Nonrecourse debt - Wikipedia, the free encyclopedia
    Non-recourse debt or a non-recourse loan is a secured loan (debt) that is secured by a pledge of collateral, typically real property, but for which the borrower is ...
     
  2. Nonrecourse loan - Financial Dictionary - The Free Dictionary
    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 ...
     
  3. Recourse Loans and Non-recourse Loans - Personal Risk vs Losing ...
    When you don't repay a loan, you take a risk. With recourse loans, lenders can try to collect money from you in a variety of ways. With non-recourse loans, ...
     
  4. Nonrecourse loan - Merriam-Webster Online
    a loan by which a lender agrees to accept the collateral security in lieu of repayment from the borrower if he is unable to pay or if the value of the security falls ...
     
  5. When Is a Nonrecourse Loan Actually a Recourse Loan? The ...
    When Is a Nonrecourse Loan Actually a Recourse Loan? The Answer May Surprise You. By: JOHANNA M. FRANZEN & MARY S. RANUM. September 2012 ...
     
  6. nonrecourse mortgage loan act - Michigan Legislature - State of ...
    Mar 29, 2012 ... The legislature recognizes that it is inherent in a nonrecourse loan that ... personally liable for payment of a nonrecourse loan if the borrower is ...
     
  7. Loan Carve-Outs For Nonrecourse Financing - Miller Starr Regalia
    In a nonrecourse loan, a lender fundamentally agrees to limit its recourse to specified assets rather than to the general assets of the bor- rower or the guarantors.
     
  8. The Scope of the Borrower's Liability in a - Washington & Lee ...
    far more significant in the nonrecourse loan than in the full re- course loan. ... A. Recognizing that the "Nonrecourse" Loan Is a Loan. Allowing Partial Recourse .