Recourse Loan
Financial & Investment Dictionary:
Recourse Loan
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RECOURSE LOAN " A note or loan signed by a limited partner, for which the signer is personally responsible ("at risk"). Recourse loans are included in the partner's basis for tax purposes. See: Basis.
Recourse loan: In a limited partnership, a loan for which the limited partners are personally liable.
Recovery: The phase of the business cycle when economic activity begins to improve from a recession or depression.
Nonrecourse Loan. A loan where the debtor does not assume personal responsibility for the loan. CAUTION. Such a loan has special tax implications.
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.
Nonrecurring charge ...
Non Recourse Loan
A loan which is secured by collateral and for which the borrower is not personally liable, is called a non recourse loan.
Original Principal Balance ...
Recourse Loan
A type of loan that allows a lender to seek financial damages if the borrower fails to pay the liability, and if the value of the underlying asset is not enough to cover it.
NONRECOURSE LOAN
A LOAN in which the borrower may have pledged collateral, but the borrower is not held personally liable.
Nonrecourse loan
A loan for which no partner or related person bears the economic risk of loss.
Non-recourse debt or a non-recourse loan is a secured loan (debt) that is secured by a pledge of collateral, typically real property, but for which the borrower is not personally liable.
In the case of default, the lender has ability to claim assets over and above what the limited partners contributed.
Nonrecourse loan ...
are often called recourse loans. On the corporate side, most small business start-up loans are recourse loans-if the business fails, the owner is still liable to repay the loan amount in full.
By Thomas McKaig ...
The lender of a non-recourse loan is only entitled to repayment from specific assets and cash flows. Limited recourse debt gives the lender a limited amount of recourse to the borrowers other assets.
recourse loan A loan for which an undersigner is liable for payment if the borrower defaults. recovery A period in a business cycle following a recession, during which the GDP rises. red flag A sign of a problem.
In addition to paying less money, due to less financial charges and lower interest rates, the secured debt is attractive to the borrower of the nonrecourse loan: a secured loan where the collateral is the only security which the lender has, ...
Reverse Mortgage - A non-recourse loan against home equity providing cash advances to a borrower and requiring no repayment until a future time.
Revolving Account - Line of credit that may be used repeatedly up to a certain specified limit.
Related parties: Non-recourse loans from related parties qualify as amounts at-risk only if the terms are "commercially reasonable" and on substantially the same terms as loans involving unrelated persons.
DRY MORTGAGE - Also known as "non-recourse loan" because the lender has no personal right of action aga...
DRY ROT - A fungal decay that causes lumber to crumble.
If the cash investment and personal debt incurred were $35,000, the most that could be deducted as losses is $35,000. Note there is an expansion of the at-risk amounts to real estate only to include certain non-recourse loans from qualified lenders.
If the taxpayer pledges property that is used in the activity as security, that property does not increase the amount at-risk. There is a special rule for real estate activities - a nonrecourse loan qualifies as an amount at-risk if it is 'qualified ...
 See also: Recourse, Expense, Saving, Banks, Compensation
  
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