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 June 2025
COMMUNICATIONS
(noun) the discipline that studies the principles of transmiting information and the methods by which it is delivered (as print or radio or television etc.); “communications is his major field of study”
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