Non-recourse loan; Non recourse; Nonrecourse financing; Non recourse bonds

A loan in which the lender has no recourse (no means) to get reimbursed by the partners / entrepreneurs who borrowed the money if the project fails, except through foreclosure of the assets used as collateral for the loan. Namely, it is a loan for which the lender cannot claim more than the collateral as …

Nonutility power producer

A corporation, person, agency, authority, or other legal entity or instrumentality that owns or operates facilities for electric generation and is not an electric utility. Nonutility power producers include qualifying cogenerators, qualifying small power producers, and other nonutility generators (including independent power producers).