Article 51 Where the debtor's guarantor or any joint-and-several debtor has paid off the debts on behalf of the debtor, he may declare his claims on the basis of his right of recourse to the debtor.

第五十一条债务人的保证人或者其他连带债务人已经代替债务人清偿债务的，以其对债务人的求偿权申报债权。

youdao

Optech agreed to loan him 90% of the value of the FRNs on a non-recourse basis.

FORBES: Sometimes You Should Just Pay The Tax

Repair Section 469 by applying its limitations to non-recourse interest losses only and exempt economic losses to cost basis, and then watch the real estate market turn around fast.

FORBES: Bring Back Housing By Bringing Back Tax Shelters

Going into 1986, there were tax shelter abuses, mostly from the use of non-recourse debt, and investors writing off much more than their cost basis.

FORBES: Bring Back Housing By Bringing Back Tax Shelters