Definitions
There is 1 meaning of the word
Nonrecourse.
Nonrecourse - as an 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.
Example Sentences
"The investor relied on the nonrecourse financing option for the real estate project."
"The company chose to use a nonrecourse loan to fund the expansion."
"The bank allowed the borrower to walk away from the mortgage under the nonrecourse provision."
"The nonrecourse agreement protected the borrower from personal liability in case of default."
"The partnership structure included a nonrecourse clause to limit individual risk."
Word Game Points
Is NONRECOURSE a valid Scrabble word?
Yes, nonrecourse is valid for both Scrabble US and EU
NONRECOURSE has a SCRABBLE points total of 13.
Is NONRECOURSE a valid Words With Friends word?
Yes, nonrecourse is valid for Words With Friends
Valid WordNONRECOURSE has a WORDS WITH FRIENDS points total of 17.
Is NONRECOURSE a valid WordFeud word?
Yes, nonrecourse is valid for WordFeud
Valid WordNONRECOURSE has a WORDFEUD points total of 15.
