nonrecourse

2 ENTRIES FOUND:

non·re·course

adjective \ˈnän-ˈrē-ˌkrs, -ri-ˈ\

Definition of NONRECOURSE

:  being or based on an agreement in which the lender has no right of recourse to the borrower's assets beyond stated limits <a nonrecourse note> <a nonrecourse loan>

First Known Use of NONRECOURSE

1926

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