nonrecourse

adjective

Meaning

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.

Etymology / origin

No prose etymology has been added yet.

No ancestor words have been linked yet.

Related words

collateral(English)limited-liability(English)asset-backed(English)mortgage-backed(English)collateralized(English)collateralised(English)resi(English)nonassignment(English)

Descendant words

No descendant words have been linked yet.

Sources

DictionaryAPI.dev English dictionary data

nonrecourse — meaning and etymology | WikiWord