Non-recourse Financing

Description and Definition of Non-recourse Financing

A debt for which a borrower is not personally liable. In case of nonpayment the creditor must foreclose on the property securing the debt. The At-Risk Rules generally disallow losses from investments with non-recourse financing but an exception applies to certain non-recourse financing for real estate.

Resources

See Also

Further Reading

• Non-recourse Financing in the West's Tax Law Dictionary
• Non-recourse Financing in “A Dictionary of Taxation”