Limited recourse

From ACT Wiki
Revision as of 12:19, 9 September 2017 by Doug Williamson (Talk | contribs) (Create page. Sources: linked pages.)

(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to: navigation, search

When debt or finance is 'limited recourse', it means that the security rights of the lender or other finance provider are restricted.

It is an intermediate situation, in between full recourse, and non-recourse.

See also