Associations to the word «Nonrecourse»
Noun
Adjective
Adverb
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Wiktionary
NONRECOURSE, 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.
Wise words
The right word may be effective, but no word was ever as
effective as a rightly timed pause.