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Glossary   >   N   >   "Non-Recourse Debt" Definition            Non-Recourse Debt A loan that is secured by some sort of collateral, usually property. The issuer can seize the collateral if the borrower defaults. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Non-Recourse Debt - A loan that is secured by some sort of collateral, usually property. The issuer can seize the collateral if the borrower defaults.