NONRECOURSE

Etymology

Adjective

nonrecourse (not comparable)

(finance) 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.

Source: Wiktionary



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Word of the Day

9 June 2025

HERMAPHRODITE

(noun) one having both male and female sexual characteristics and organs; at birth an unambiguous assignment of male or female cannot be made


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Coffee Trivia

In 1884, Angelo Moriondo of Turin, Italy, demonstrated the first working example of an espresso machine.

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