Non-recourse Lending
Learn about the definition for this legal term.
What is Non-recourse Lending?
Type of security loan that bars the lender from action against other assets of the borrower.
Further Reading
For more detailed information, see our related Security Transactions And Mortgages terms:
Pass the Bar, Guaranteed
BarPrepHero Premium offers the most complete collection of real bar exam questions licensed directly from NCBE (the organization that writes the exam).