non-recourse
adjective[before noun]
(alsononrecourse)ukusFINANCE
used todescribealoanin which thelenderhas therightto take only theassetboughtwith theloanif it is notpaidback, and does not have therightto take any otherassets:
non-recourse debt/loan/mortgageTheyfinancedthe $1.2 millionpurchasewith a non-recourseloan.