According to Statista, the global coffee industry is worth US$363 billion in 2020. The market grows annually by 10.6%, and 78% of revenue came from out-of-home establishments like cafes and coffee beverage retailers.
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
Recent Word Finds
Word of the Day
10 May 2025
BEATIFY
(verb) declare (a dead person) to be blessed; the first step of achieving sainthood; “On Sunday, the martyr will be beatified by the Vatican”
Coffee Trivia
