nonrecourse loan

non·re·course loan

N n

- US Pronunciation
- US IPA
- [non-ree-kawrs, -kohrs, non-ri-kawrs, -kohrs]
- /ˈnän-ˈrē-ˌkȯrs, -ri-ˈ loʊn/

- US Pronunciation
- US IPA
- [non-ree-kawrs, -kohrs, non-ri-kawrs, -kohrs]
- /ˈnän-ˈrē-ˌkȯrs, -ri-ˈ loʊn/

Definition of nonrecourse loan words

noun nonrecourse loan 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. 1

noun

adjective

verb

adverb

pronoun

preposition

conjunction

determiner

exclamation

This term is known only to a narrow circle of people with rare knowledge. Only 3% of English native speakers know the meaning of this word.

According to our data most of word are more popular. This word is almost not used. It has a much more popular synonym.

This diagram is provided by Google Ngram Viewer

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