Nonrecourse debt is a type of debt secured by collateral, typically real estate, where the lender's recourse in case of default is limited to the collateral, and the borrower has no personal liability beyond the collateral.
Debt obligation, including bonds, that is guaranteed by the pledge of assets or other collateral.
A specific lien is a charge or encumbrance against a specific piece of property that secures the payment of a debt tied directly to that property.
