nonrecourse in English
adjective
without recourse; of a loan in which only the property mortgaged may be reclaimed in the case of default
Use "nonrecourse" in a sentence
Below are sample sentences containing the word "nonrecourse" from the English Dictionary. We can refer to these sentence patterns for sentences in case of finding sample sentences with the word "nonrecourse", or refer to the context using the word "nonrecourse" in the English Dictionary.
1. The $200,000 of exculpatory debt is nonrecourse debt and is allocated among the members based on the three-tier method for Allocating nonrecourse debt