HomeDefinitionsCompareDebt Nonrecourse loanThe financial definition for 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. Similar MatchesNonrecourseNonrecourseIn the case of default, the lender has ability to claim assets over and above what the limited partners contributed. Click to compare definitions of Nonrecourse loan Click to view definitions beginning no |