Home > Terms > English, UK (UE) > Qualified nonrecourse financing
Qualified nonrecourse financing
Qualified nonrecourse financing is money which the taxpayer borrows to buy real property which secures the loan. No person is personally liable for repayment. The at-risk limitation on losses does not apply in regard to qualified nonrecourse financing. The financing may not be convertible debt, and must be borrowed from a qualified person or borrowed from or insured by a governmental instrumentality, I.R.C. § 465(b)(6).
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- Part of Speech: noun
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- Industry/Domain: Financial services
- Category: Real estate investment
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