Nonrecourse

adjective

Word Frequency: 0.1

Definitions

1.adjectiveOf 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.

Synonyms

collateral limited-liability asset-backed mortgage-backed collateralized collateralised resi nonassignment lienholding person-to-person on-loaned ringfenced

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