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The concept of a lender not having recourse against (i.e., the right to pursue recovery from) any assets of a borrower other than those assets specifically given as collateral.

Glossary: Non-recourse carve-outs

908 22nd Street, Aliquippa, PA 15001

Phone: 724.770.1040

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908 22nd Street, Aliquippa, PA 15001

Phone: 724.770.1040

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908 22nd Street, Aliquippa, PA 15001

Phone: 724.770.1040

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