Encyclopedia of Investment Terminology

Return to Stock Market and Investment Encyclopedia Index

Non-recourse loan

A non-recourse loan is a loan that is secured by collateral, most likely real estate. If the borrower defaults on a non-recourse loan, the lender has the right to the collateral only, even if the amount of the loan exceeds the value of the collateral.

Return to Index

Copyright 2008 StockDic.com
All Rights Reserved.