NONRECOURSE


Meaning of NONRECOURSE in English

transcription, транскрипция: [ ˈnän-ˈrē-ˌkȯrs, -ri-ˈ ]

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's Collegiate English vocabulary.      Энциклопедический словарь английского языка Merriam Webster.