NONRECOURSE


Meaning of NONRECOURSE in English

adj.

Pronunciation: ' nän- ' r ē - ˌ ko ̇ rs, -ri- '

Function: adjective

Date: 1926

: 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>

Merriam Webster Collegiate English Dictionary.      Merriam Webster - Энциклопедический словарь английского языка.