Limited recourse

From ACT Wiki
Revision as of 15:24, 9 September 2017 by imported>Doug Williamson (Expand last sentence.)
Jump to navigationJump to 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