www.debt-glossary.co.uk


Home
Terms



Compare
Finance


Nonrecourse Loan

The definition for Nonrecourse Loan:

A loan not allowing for a deficiency judgment. The lender's only recourse in the event of default is the security (property) and the borrower is not personally liable.






Click to compare definitions of Nonrecourse Loan
Click to view definitions beginning no
  www.debt-glossary.co.uk is a finance, business, investment and stock market resource of common debt words. Stamp Duty Calculator - Income Tax Calculator