non·re·course | \ˌnän-ˈrē-ˌkȯrs, -ri-ˈkȯrs\

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

Examples of nonrecourse in a Sentence

Recent Examples on the Web

Sinai said lenders charged higher interest rates than banks because making nonrecourse loans, as they are known, was riskier. Ken Belson, New York Times, "Retired N.F.L. Players Appeal Ruling on Concussion Settlement APRIL 28, 2016," 9 May 2016

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'nonrecourse.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of nonrecourse

1905, in the meaning defined above

Keep scrolling for more

Learn More about nonrecourse

Share nonrecourse

Statistics for nonrecourse

Look-up Popularity

Time Traveler for nonrecourse

The first known use of nonrecourse was in 1905

See more words from the same year

Keep scrolling for more

More Definitions for nonrecourse


non-re·course | \ˌnän-ˈrē-ˌkȯrs, -ri-ˈkȯrs\

Legal Definition of non-recourse 

: of, relating to, or being a debt whose satisfaction may be obtained on default only out of the particular collateral given and not out of the debtor's other assets a non-recourse mortgage — compare recourse

More from Merriam-Webster on nonrecourse

See words that rhyme with nonrecourse

Comments on nonrecourse

What made you want to look up nonrecourse? Please tell us where you read or heard it (including the quote, if possible).


to reject or criticize sharply

Get Word of the Day daily email!

Test Your Vocabulary

Words from Greek and Roman Mythology Quiz

  • the-triumph-of-venus-by-alessandro-magnasco
  • Boreal comes from the name of the ancient Greek god of which wind?
How Strong Is Your Vocabulary?

Test your vocabulary with our 10-question quiz!

Word Winder's CrossWinder

Test Your Knowledge - and learn some interesting things along the way.


Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!