nonrecourse

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adjective

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.

“nonrecourse loan”

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Meanings

adjectivenonrecourse (not comparable)
  1. not comparablebusinessOf 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.

    nonrecourse loan

Origin

From non- + recourse.

Full word history & related roots →
Cite this entry
APA

nonrecourse. (n.d.). In WatkinsX Dictionary. Retrieved November 3, 2026, from https://dictionary.watkinsx.com/word/nonrecourse

MLA

“nonrecourse.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/nonrecourse. Accessed November 3, 2026.

Chicago

WatkinsX Dictionary, s.v. “nonrecourse,” accessed November 3, 2026, https://dictionary.watkinsx.com/word/nonrecourse.

Source: nonrecourse on Wiktionary, CC BY-SA 4.0.