What NONRECOURSE DEBT means: Nonrecourse debt is debt for which the borrower is not personally liable. If the borrower defaults, the lender can take the property used to secure the loan, but no other property of the borrower.
- Definition Nonresident Alien:
- Dictionary A person who is not a U.S. citizen and does not live in the United States, or lives in the United States and does not have a green card or does not meet the substantial presence test nonrecourse debt definition.
- Definition Nontaxable Income:
- Dictionary Income that is by law exempt from tax nonrecourse debt explain.
- Definition Nontaxable Exchange:
- Dictionary An exchange on which no gain or loss is recognized in the current year. The realized gain generally is recognized when the property acquired in the exchange is sold nonrecourse debt what is.
- Definition Nonrefundable Credit:
- Dictionary A credit that cannot exceed the taxpayer's tax liability nonrecourse debt meaning.
How works Nonrecourse Debt meaning in Tax definitions N .
