HomeDefinitionsCompareDebt NonrecourseThe financial definition for Nonrecourse:In the case of default, the lender has ability to claim assets over and above what the limited partners contributed. Similar MatchesNonrecourse loanNonrecourse loanA loan taken by limited partners used to finance their portion of the partnership, which is secured by their ownership in the venture. Click to compare definitions of Nonrecourse Click to view definitions beginning no |