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 ?
In a real estate context, an increase of qualified nonrecourse financing increases the taxpayer's basis.
Ready Capital closed the nonrecourse, fixed-rate loan that features a 120-month term with a 48-month interest-only period, flexible prepayment, and is inclusive of a future funding facility for leasing costs.
Similarly, in Q4, we continue to expect to generate positive cash from operating cash flows net of capital expenditures, as well as the normal inflow of cash received from nonrecourse financing activities on leased vehicles and solar products.
One factor in lower average loan-to-value ratios is the current popularity of nonrecourse debt, such as commercial mortgage backed securities.
Based inMiami, O'Grady and McGlynn have been active in structuring nonrecourse construction loans nationwide for apartments, condominiums, hotels and mixed-use properties.
8 November 2017 - US-based nonrecourse loan writer The Loan Companies has completed the purchase of Chicago, US pawnshop T.N.
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 government will also require banks to increase capital buffers taking into consideration their household debt levels, will introduce nonrecourse loans as a pilot program and regularly monitor the household debt situation, in order to continue to improve the soundness of household debt.
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.
The consortium will also acquire the assets' nonrecourse project debt.
The "sugar-for-ethanol" program, previously known as the "Feedstock Flexibility Program," is intended to prevent domestic processors from defaulting on about $620 million in nonrecourse loans which will be due within the next few months.