nonrecourse
Of or pertaining to a form of financing, typically debt financing, in which the…Of or pertaining to a form of financing, typically debt financing, in which the lender's recourse to recovery in the event of default is limited to the collateral asset only.
Meaning
1 senses(not comparable)Of or pertaining to a form of financing, typically debt financing, in which the lender's recourse to recovery in the event of default is limited to the collateral asset only.
nonrecourse loan
Origin
From non- + recourse.From non- + recourse.
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