Switch to text-only version for screen readers & visually impaired


CORPORATE AND INSTITUTIONAL GLOSSARY


Alphabetical Listing
Search  
K X Y Z #
N
Current TermNonrecourse Loan
Nonrecourse Loan
In a leveraged lease, the lenders cannot look to the lessor for repayment. The lender's only recourse is to the lessee and, therefore, the lessee's credit rating is of prime importance.