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nonrecourse
Language
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Edit
English
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Etymology
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From
non-
+
recourse
.
Adjective
edit
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
Categories
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English terms prefixed with non-
English lemmas
English adjectives
English uncomparable adjectives
en:Finance
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