nonrecourse

(redirected from Non-Recourse Finance)
Also found in: Legal, Financial.
Related to Non-Recourse Finance: Limited Recourse Financing

nonrecourse

(ˌnɒnrɪˈkɔːs)
adj
(Banking & Finance) finance of or relating to a loan or debt for which a borrower is not personally liable, giving the lender limited or no recourse
References in periodicals archive ?
By deploying advanced analytics and high-speed underwriting, iVita Financial delivers a disruptive, non-recourse finance solution for patients and healthcare providers.
Alfanar Energy has been successful to get non-recourse finance of around $55 million from the European Bank for Reconstruction and Development (EBRD) and the Islamic Corporation for the Development of Private Sector (ICD) for the clean energy project.
A major benefit offered to the foreign partner of a joint venture is access to non-recourse finance for up to 50 per cent of their equity share.