4 ms·
Non-recourse debt is debt for which you can't pursue the debtor beyond any collateral they originally put up as part of the deal. http://www.investopedia.com/t
by calpaterson 10y ago
Non-recourse debt is debt for which you can't pursue the debtor beyond any collateral they originally put up as part of the deal.
http://www.investopedia.com/terms/n/nonrecoursedebt.asp http://www.investopedia.com/terms/n/nonrecoursedebt.asp
In California all mortgages are non-recourse debt.