Meaning Of The Word Nonrecourse loan
What's the definition of Nonrecourse loan? Find Nonrecourse loan meanings, definitions and more at the Real Dictionary online.
Nonrecourse loan Meaning
| Nonrecourse loan Definition |
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What's The Definition Of Nonrecourse loan?
nonrecourse loan in American English
noun: a loan for which the borrower cannot be held responsible for any amount in excess of the security for the loan, even if the value of such security falls below the level it had or that had been anticipated for it at the time of the loan |
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