nonrecourse


Also found in: Financial.

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 ?
8 November 2017 - US-based nonrecourse loan writer The Loan Companies has completed the purchase of Chicago, US pawnshop T.
Jackel said he agrees with the decision to revoke the debt allocation rules that treat all debt as nonrecourse in applying the disguised sale rules, but added that its unclear what that means for taxpayers today.
The case hinged on whether the canceled debt was recourse or nonrecourse to the taxpayer, as the tax treatment of COD income can vary greatly.
The contract has been signed to facilitate nonrecourse financing and to develop, construct and own up to one GW of utility-scale solar photovoltaic projects in China over the next three years.
He required a highly leveraged, nonrecourse loan and we closed the transaction in 30 days.
Permanent law provides mandatory support for basic crops through nonrecourse loans.
This example takes into account the income tax considerations if the employee loan is either a nonrecourse loan (i.
A $7,100,000 nonrecourse permanent loan for a Best Buy facility in Alpharetta, Georgia, was negotiated on a fixed-rate basis for a term of 10 years on a 30-year amortization schedule.
The rules for nonrecourse liabilities on the other hand are quite complex.
300), since the debt was nonrecourse, the sale price was deemed to be the full amount of the debt.
Credit protection: Factors are nonrecourse lenders.
300 (1983), in which nonrecourse debt permits a taxpayer to have a basis in excess of his economic investment.