Limited recourse

From ACT Wiki
Revision as of 13:43, 2 May 2018 by Doug Williamson (Talk | contribs) (Update links.)

(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.

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

See also