Nonrecourse debt or a nonrecourse loan is a secured loan (debt) that is secured
by a pledge of ... as collateral, meaning that the Federal Reserve will absorb the
loss should the value of those asse...
There are two types of debts: recourse and nonrecourse. A recourse debt holds
the borrower personally liable. All other debt is considered nonrecourse.
A guarantee that no matter what happens, the borrower will repay the debt.
Typically with a full recourse loan no occurrence, such as loss of job or sickness,
Jun 25, 2014 ... The difference between recourse and non-recourse debt is the ability of the
lender to take the assets of the borrower if the debt is not paid.
With a recourse loan, the borrower is personally liable for the debt. With respect
to foreclosure, a debt is considered to be recourse if the lender is able to obtain ...
Feb 11, 2014 ... Recourse Liability: The regulations under Section 752 define a liability as
recourse to the extent any partner bears the “risk of loss” for the ...
Mar 11, 2015 ... The definition of a recourse loan is a loan where the borrower or guarantors ...
wages, and other assets in order to satisfy any outstanding debt.
A partner's share of a recourse partnership liability equals the portion of that ....
nonrecourse financing within the meaning of section 465(b)(6) (determined ...
(b) Qualified nonrecourse financing secured by real property ... (ii) Each
partnership with personal liability holds only property described in paragraph (b)(
2)(i) of ...
Definition of recourse loan: Loan agreement under which a borrower gives an
undertaking to repay a debt even if the funded asset (acquired with the loan ...