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 |
|---|
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 |
More Definitions
A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
Definitions Of The Day
- Personnel officer ‐ noun: a worker responsible for recruiting employees…
- Tabourin ‐ noun; noun: a low stool, originally in the shape…
- Polybius ‐ 200?-118? b.c.; Gr. historian; noun: ?205–?123…
- Proto team ‐ noun: a team of workers trained to perform underground…
- National Hunt racing ‐ noun; noun: the racing of horses on racecourses…
- Acquirability ‐ noun: the attribute of being…
- The trash heap of history ‐ a figurative or imaginative place where forgotten…
- Magmatic stoping ‐ noun: the process by which country rock is broken…
- Psychographic ‐ of or pertaining to a psychograph; adjective:…
- Karrer ‐ Paul1889-1971…