Definition for Difference between revisions of "Without recourse"

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(Created page with "Giving the lender no right to seek payment or seize assets in the event of nonpayment from anyone other than the party specified in the debt contract (such as a special-purpose e...")
 
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Latest revision as of 11:15, 18 June 2017

Giving the lender no right to seek payment or seize assets in the event of nonpayment from anyone other than the party specified in the debt contract (such as a special-purpose entity).