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Meaning of nonrecourse | Babel Free

Adjective CEFR C1

Definitions

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.

not-comparable

Examples

“nonrecourse loan”

CEFR level

C1
Advanced
This word is part of the CEFR C1 vocabulary — advanced level.
See all C1 English words →

See also

nonrecoverable nonrecovery nonrecreational nonrecruited nonrecruiting nonrectangular

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