NONRECOURSE

adjective
13 Scrabble
17 WWF
N 1
O 1
N 1
R 1
E 1
C 3
O 1
U 1
R 1
S 1
E 1

Definition

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.

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