What does non recourse mean?
Non recourse means (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..
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Pronunciation varies by accent · adjective
(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..
nonrecourse loan
Use non recourse when its meaning, tone and grammar fit the full sentence. A synonym is not always a direct replacement.
Non recourse means (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..
The closest synonym depends on the sentence and intended sense.
The opposite depends on the specific sense.
nonrecourse loan
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