DEFINITION of 'Non-Recourse Debt'. A type of loan that is secured by collateral, which is usually property. If the borrower defaults, the issuer can seize the collateral, but cannot seek out the borrower for any further compensation, even if the collateral does not cover the full value of the defaulted amount. This is one instance where the borrower does not have personal liability for the loan. Next Up.
Frozen  is a song by American singer Madonna from her seventh studio album Ray of Light (1998). It was released as the lead single from the album on February 23, 1998, by Maverick Records. The song was also included on the compilation albums GHV2 (2001) and Celebration (2009).
The accompanying music video for Frozen was directed by Chris Cunningham in a desert in California, portraying Madonna as an ethereal, witchy, melancholy persona, shapeshifting into a flock of birds and a black dog. The music video received a MTV Video Music Award for Best Special Effects in 1998.