What is a nonrecourse debt? How is financing using nonrecourse debt different from financing using recourse debt?

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Concepts In Federal Taxation

ISBN: 9780324379556

19th Edition

Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher

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Question Posted: Mar 29, 2013 03:11 AM

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What is a nonrecourse debt? How is financing using nonrecourse debt different from financing using recourse debt?

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A nonrecourse debt is a liability that is only secured by the underlyi...View the full answer

Concepts In Federal Taxation

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