Last reviewed 10-31-2026Short-Sale.com Editorialglossary
Non-Recourse
ABA
Updated 10-31-2026
Non-Recourse
the concept of a lender not having recourse against (i.e., the right to pursue recovery from) any assets of a borrower other than those assets specifically given as collateral.
American Bar Association Glossary of Real Estate Terms
ABA · p. 8
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