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.]

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词条贡献者

法律翻译Max，毕业于一所培养最顶级翻译人才的语言学院，擅长翻译有关电信和互联网领域的法律文件。