non-recourse Meaning in the Cambridge English Dictionary
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Meaning of “non-recourse” in the English Dictionary

"non-recourse" in Business English

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non-recourseadjective [before noun]

(also nonrecourse) uk   us  
FINANCE used to describe a ​loan in which the ​lender has the ​right to take only the ​assetbought with the ​loan if it is not ​paid back, and does not have the ​right to take any other ​assets: non-recourse debt/loan/mortgage They ​financed the $1.2 million ​purchase with a non-recourse ​loan.
(Definition of non-recourse from the Cambridge Business English Dictionary © Cambridge University Press)
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