Nonrecourse Expense

Business, Legal & Accounting Glossary

Definition: Nonrecourse Expense


Nonrecourse Expense


Full Definition of Nonrecourse Expense


An expense that arises from the payment of a non-recourse loan. Where a borrower is unable to pay a loan, the loan issuer’s only option of receiving payment for the loan is by seizing and selling the collateral deposited by the borrower. Regardless of the loan amount, only funds generated from the sold collateral(s) can be used to clear the debt, any loss made between the generated fund and loan issued is then referred to as “non-recourse expense”.


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March 29, 2024 https://payrollheaven.com/define/nonrecourse-expense/.
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Nonrecourse Expense. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/nonrecourse-expense/ (accessed: March 29, 2024).
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Nonrecourse Expense. PayrollHeaven.com. Retrieved March 29, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/nonrecourse-expense/

Definition Sources


Definitions for Nonrecourse Expense are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 16th November, 2021 | 0 Views.