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nonrecourse. In DICTIOUS you will not only get to know all the dictionary meanings for the word
nonrecourse, but we will also tell you about its etymology, its characteristics and you will know how to say
nonrecourse in singular and plural. Everything you need to know about the word
nonrecourse you have here. The definition of the word
nonrecourse will help you to be more precise and correct when speaking or writing your texts. Knowing the definition of
nonrecourse, as well as those of other words, enriches your vocabulary and provides you with more and better linguistic resources.
English
Etymology
From non- + recourse.
Adjective
nonrecourse (not comparable)
- (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.
- nonrecourse loan