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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]
Lexicographical Neighbors of Nonrecourse
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 ..."
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