Lenders to leveraged leases hold nonrecourse debt. What does nonrecourse mean? What are the benefits and costs

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Lenders to leveraged leases hold nonrecourse debt. What does “nonrecourse” mean? What are the benefits and costs of nonrecourse debt to the equity investors in the lease?

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Principles of Corporate Finance

ISBN: 978-0077404895

10th Edition

Authors: Richard A. Brealey, Stewart C. Myers, Franklin Allen

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Question Posted: Dec 31, 2012 09:48 AM

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Lenders to leveraged leases hold nonrecourse debt. What does nonrecourse mean? What are the benefits and costs

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Lenders have no claim on the lessor in any circumstances ...View the full answer

Principles of Corporate Finance

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