Recourse debt is a debt that is backed by collateral from the borrower. Also
known as a recourse loan, this type of debt allows the lender to collect from the ...
There are two types of debts: recourse and nonrecourse. A recourse debt holds
the borrower personally liable. All other debt is considered nonrecourse.
A nonrecourse debt is a type of loan secured by collateral, which is usually
property. ... Most car loans are recourse loans, meaning the lender can pursue
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,
A recourse loan allows the lender to go after the debtor's assets that were not ...
pay the liability, and if the value of the underlying asset is not enough to cover it.
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.
1.704-2(b)(4) defines the term “partner nonrecourse debt” as “any ... though such
a loan does not fall squarely within the definition of partner nonrecourse 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 ...
Under an exception, a partner's share of partnership debt that meets the
definition of qualified nonrecourse financing does generate at-risk basis for that