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

10 January 2025

INTERSPERSION

(noun) the act of combining one thing at intervals among other things; “the interspersion of illustrations in the text”


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Coffee Trivia

According to Guinness World Records, the largest collection of coffee pots belongs to Robert Dahl (Germany) and consists of 27,390 coffee pots as of 2 November 2012, in Rövershagen, Germany.

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