nonrecourse

nonrecourse, adj. Of or relating to an obligation that can be satisfied only out of the collateral securing the obligation and not out of the debtor’s other assets. [Cases: Bills and Notes 44; Secured Transactions 227, 240. C.J.S. Bills and Notes; Letters of Credit § 11; Secured Transactions §§ 152, 164–166, 168–169, 172, 174–175, 180–183.]
专业法律词汇 词条贡献者
译者Terris,毕业于国内一流的高级翻译学院,擅长翻译各种与政府合同相关的法律文件。
Scroll to Top