Word.ws English Dictionary

nonrecourse

nonrecourse adjective: 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.

Adjective

nonrecourse (not comparable)

  1. 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.
    • nonrecourse loan

Origin of nonrecourse

From non- + recourse.

Questions about nonrecourse

What does nonrecourse mean?
Nonrecourse means 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.
What part of speech is nonrecourse?
Nonrecourse is an adjective.

Words near nonrecourse in the dictionary

  1. nonreconstructed
  2. nonrecordable
  3. nonrecorded
  4. nonrecording
  5. nonrecoupable
  6. nonrecourse
  7. nonrecoverability
  8. nonrecoverable
  9. nonrecovery
  10. nonrecreational
  11. nonrecruited

Source and license

Adapted from Wiktionary: nonrecourse (page history and authors). Text available under the Creative Commons Attribution-ShareAlike 4.0 license. Word.ws reformatted the entry and added links. Wiktionary data of 2026-09-02.

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