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
Life has no meaning unless one lives it with a will, at
least to the limit of one's will. Virtue, good, evil are
nothing but words, unless one takes them apart in order to
build something with them; they do not win their true
meaning until one knows how to apply them.