### Question
Can you define what nonqualified nonrecourse financing means?


### Answer
**Nonqualified nonrecourse financing** is defined as the following in *26 U.S.C. § 49*:

> any nonrecourse financing which is not qualified commercial financing

#### Citation:
  - *26 U.S.C. § 49*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter A-Determination of Tax Liability > PART IV-CREDITS AGAINST TAX > Subpart E-Rules for Computing Investment Credit**

