Definition of Nonrecourse

1. 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. ¹



¹ Source: wiktionary.com

Definition of Nonrecourse

1. [adj]

Nonrecourse Pictures

Click the following link to bring up a new window with an automated collection of images related to the term: Nonrecourse Images

Lexicographical Neighbors of Nonrecourse

nonreciprocity
nonrecirculating
nonrecognition
nonrecognitions
nonrecognizable
nonrecoil
nonrecombinant
nonrecombinants
nonrecombining
nonreconfigurable
nonreconstituted
nonreconstructed
nonrecordable
nonrecorded
nonrecording
nonrecourse (current term)
nonrecoverable
nonrecreational
nonrecruited
nonrecruiting
nonrectangular
nonrectilinear
nonrecuperative
nonrecurrence
nonrecurrent
nonrecurring
nonrecursive
nonrecursively
nonrecyclable
nonrecyclables

Literary usage of Nonrecourse

Below you will find example usage of this term as found in modern and/or classical literature:

1. Commodity Programs: Impact of Support Provisions on Selected Commodity Prices by Juliann M. Gerkins (1997)
"Under the nonrecourse loan without marketing loan provisions, producers who kept their commodity under loan for the full 9 months would, upon forfeiture, ..."

2. Cotton Program: Costly & Complex Government Program Needs to be Readdressed by DIANE Publishing Company (1996)
"nonrecourse loans for cotton mature 10 months from the first day of Ui month in which they were made. At the end of the 10-month loan perú» producers can ..."

3. Former Soviet Union: Credit Worthiness of Successor States and U. S. Export by DIANE Publishing Company (1995)
"A nonrecourse loan is a CCC loan made to a farmer using a quantity of the ... For the market prices of wheat and feedgrains, nonrecourse loans provide a ..."

Other Resources Relating to: Nonrecourse

Search for Nonrecourse on Dictionary.com!Search for Nonrecourse on Thesaurus.com!Search for Nonrecourse on Google!Search for Nonrecourse on Wikipedia!

Search