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. 2001.

Look at other dictionaries:

  • nonrecourse — adj. Not personally liable; without liability. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008. nonrecourse adj. Pertaining to an obligation that cann …   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

  • nonrecourse — non·recourse …   English syllables

  • nonrecourse — Status of person who holds an instrument which gives him no legal right against prior endorsers or the drawer to compel payment if the instrument is dishonored. See also recourse without recourse with recourse …   Black's law dictionary

  • nonrecourse — Status of person who holds an instrument which gives him no legal right against prior endorsers or the drawer to compel payment if the instrument is dishonored. See also recourse without recourse with recourse …   Black's law dictionary

  • nonrecourse — (|) ̷ ̷+ adjective Etymology: non (I) + recourse, n. : not giving a holder the right to sue the borrower or endorser for a deficiency or loss used especially of price support loans to farmers made by the Commodity Credit Corporation …   Useful english 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

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”