Nonrecourse

 

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Nonrecourse

In the case of default, the lender has ability to claim assets over and above what the limited partners contributed.



Nonrecourse

Similar Matches

Nonrecourse Loan

Nonrecourse Loan

A loan not allowing for a deficiency judgment. The lender's only recourse in the event of default is the security (property) and the borrower is not personally liable.


Nonrecourse loan

Nonrecourse loan

A loan taken by limited partners used to finance their portion of the partnership, which is secured by their ownership in the venture.




 
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