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 is a
11
letter word starting with
N
and ending with
E
Definitions & Synonyms
adjective -
A term for a type of loan where the lender cannot pursue the borrower's other assets beyond the collateral if the borrower fails to repay.