nonrecourse

Questions

What does nonrecourse mean?

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.

Where does nonrecourse come from?

From non- + recourse.

How to pronounce nonrecourse

1. Open the pronunciation page — Open the Speakur entry for “nonrecourse”.
2. Read the phonetic spelling — Read the IPA spelling () so you know which sounds to aim for.
3. Play the audio — Click Play to hear reference audio for “nonrecourse”.
4. Repeat and practice — Say “nonrecourse” aloud, matching stress and vowels until it feels natural.