nonrecourse loan
nonrecourse loan 无追索权贷款 抵押贷款的一种，在此种贷款下，如果借款人不能按期偿还贷款，贷款人只能处分抵押物，而不能处分借款人的其他财产。如果指定的贷款抵押物的抵押价值下降，低于所要求的贷款偿还数额时，贷款人也不能对借款人的其他财产主张权利。这种贷款多用于美国政府对农场主的剩余农产品贷款，政府机构通过贷款来换取某种特定的农产品，如小麦、玉米等。之所以称为无追索权，是因为政府永远不能要求农场主偿还贷款。
nonrecourse loan
nonrecourse loan
A secured loan that allows the lender to attach only the collateral, not the borrower’s personal assets, if the loan is not repaid. [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.]