Definitions from Wiktionary (nonrecourse)
▸ adjective: (finance) 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.
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▸ adjective: (finance) 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.
Similar:
collateral,
limited-liability,
asset-backed,
mortgage-backed,
collateralized,
collateralised,
resi,
nonassignment,
lienholding,
person-to-person,
more...
Opposite:
Types:
Phrases:
▸ Words similar to nonrecourse
▸ Usage examples for nonrecourse
▸ Idioms related to nonrecourse
▸ Wikipedia articles (New!)
▸ Popular nouns described by nonrecourse
▸ Words that often appear near nonrecourse
▸ Rhymes of nonrecourse
▸ Invented words related to nonrecourse