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,
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
Jun 23, 2015 ... Recourse Liability: The regulations under Section 752 define a liability as
recourse to the extent any partner bears the “risk of loss” for the ...
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 ...
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 ...
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 ...
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.
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.