The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

PARTIAL RECOURSE LOAN Definition & Legal Meaning

Definition & Citations:

When loan repayment comes from asset cashflow before the borrower pays. AKA limited recourse loan. Refer to full recourse loan, recourse, nonrecourse.


This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.