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noun Finance.
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.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2012.
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Based on the Random House Dictionary, © Random House, Inc. 2012.
Cite This Source
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Link To nonrecourse loan
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Nonrecourse loan
is always a great word to know.
So is lollapalooza. Does it mean:
| an extraordinary or unusual thing, person, or event; an exceptional example or instance. |
| a scrap or morsel of food left at a meal. |
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