Nolo's Plain-English Law Dictionary

Legal Dictionary Home

Need Professional Help? Talk to a Lawyer
Enter Your Zip Code to Connect with a Lawyer Serving Your Area
searchbox small
Nonrecourse Loan
A secured loan that permits the lender to collect only out of the collateral pledged by the debtor, and not out of the debtor
LA-WS6:DRU.1.4.1.130427.19500