0
Menu
0

Nonrecourse Debt Definition | Becker

Accounting Dictionary

Nonrecourse Debt

An obligation for which the debtor is not personally liable; for example, a mortgage on real estate acquired by a partnership without the assumption of mortgage liability by the partnership or any of the partners.

Back to Dictionary

Areas of study:

Becker Policies:

Now Leaving Becker.com

You are leaving the Becker.com website. Once you click “continue,” you will be brought to a third-party website. Please be aware, the privacy policy may differ on the third-party website. Adtalem Global Education is not responsible for the security, contents and accuracy of any information provided on the third-party website. Note that the website may still be a third-party website even the format is similar to the Becker.com website.

Continue