0 used to describe a loan in which the lender has the right to take only the asset bought with the loan if it is not paid back, and does not have the right to take any other assets:
They want it in the form of a royalty if they are to lend money on a non-recourse basis.
A company borrowing on a non-recourse basis has to offer a reasonable interest rate plus a return on profits to cover the risk element.
In the first place, we must make up our minds upon the principle of non-recourse to force.
We are entitled to ask how that fits in with the basket 1 principle of non-recourse to the threat of the use of force.
I refer to the expansion of the non-recourse powers available to local authorities whether for planning or compensation.
We certainly need to end the use of non-recourse powers exercised by many statutory bodies, where there is no effective right of appeal or compensation for losses.
It specialized in non-recourse loans collateralized by tangible personal property.
In some states, antideficiency statutes provide that mortgages secured by personal residences are non-recourse against the borrower.
