non-recourse
adjective
non-re·course
ˌnän-ˈrē-ˌkȯrs, -ri-ˈkȯrs
: of, relating to, or being a debt whose satisfaction may be obtained on default only out of the particular collateral given and not out of the debtor's other assets
a non-recourse mortgage
compare recourse
Dictionary Entries Near non-recourse
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“Non-recourse.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/non-recourse. Accessed 24 Nov. 2024.
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