Definition of Nonrecourse. Meaning of Nonrecourse. Synonyms of Nonrecourse

- Nonrecourse debt or a nonrecourse loan (sometimes hyphenated as non-recourse) is a secured loan (debt) that is secured by a pledge of collateral, typically...
- but unlike most of the United States, mortgages loans are usually not nonrecourse debt, meaning debtors are liable for any loan deficiencies after foreclosure...
- it for less than the face amount. Whether secured debt is recourse or nonrecourse can have significant consequences if the debt is settled in foreclosure...
- an incentive to default on their mortgages as a mortgage is typically nonrecourse debt secured against the property. Economist Stan Leibowitz argued in...
- liability is a nonrecourse liability if no partner or related person has an economic risk of loss for that liability. A partner's share of nonrecourse liabilities...
- 20% to 50%) of the equipment cost and lenders provide the balance on a nonrecourse debt basis. The lessor receives the tax benefits of ownership. Ahlstrom...
- creditworthiness of their prospective customers domestic and international, and, in nonrecourse factoring, acceptance of the credit risk for "approved" accounts; maintain...
- this is said to be a strategic default. This is most commonly done for nonrecourse loans, where the creditor cannot make other claims on the debtor; a common...
- sweetener. It supports domestic sugar prices by: (1) making available nonrecourse loans to processors (not less than 18¢/lb. for raw cane sugar, or 22...
- sweetener. It supports domestic sugar prices by: (1) making available nonrecourse loans to processors (not less than 18¢/lb. for raw cane sugar, or 22...