Nonrecourse Financing

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August 25, 2024 4 min read Definitions
Nonrecourse Debt: No Personal Liability for Borrowers
Finance Banking Debt Collateral At-Risk Rule Nonrecourse Financing Borrower Liability
Nonrecourse debt is a type of borrowing where the lender's recourse to the borrower's other assets is barred; the lender can only take the pledged collateral to satisfy the debt.
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