Nonrecourse

Adjective

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.

"nonrecourse loan"

🔗 Find words with "nonrecourse" in A2Z Word Finder

The Daily Word NerdA new word, a puzzle, and a fun fact — free in your inbox every morning.

Free forever · unsubscribe anytime · all 14 newsletters

That email did not go through — please check it and try again.