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Use 'non-recourse' in a Sentence The transaction was created to be non-recourse so the terms of the transaction are clear and finite and expected to end soon. You should always know everything that is in a non-recourse deal before you ever decide to sign on the bottom line. John was the primary key principal on a non-recourse loan.
Since it was non recourse , he was not liable if the loan did not perform. You Also Might Like Deed of Trust vs. When buying a home most of us don't have the cash immediately available to simply buy the home outright, which results in the need for home loans. In order to secure a home loan lenders require the home to be put up as security, and the most common How to Finance a Short Sale. A short sale is a real estate transaction for the purchase of a home before a bank forecloses on it. Short sales allow the owner of the home to sell the home below the market price and are subject to approval by the holder of the loan on the Valuation Metrics for Small Businesses.
How to Borrow from Family and Friends. Our Word of the Year justice , plus 10 more.
How we chose 'justice'. And is one way more correct than the others?
How to use a word that literally drives some people nuts. The awkward case of 'his or her'. Identify the word pairs with a common ancestor.
Test your vocabulary with our question quiz! Synonyms for recourse Synonyms expedient , resort , resource Visit the Thesaurus for More.
Examples of recourse in a Sentence The dispute was settled without recourse to law. First Known Use of recourse 14th century, in the meaning defined at sense 1a. History and Etymology for recourse Middle English recours , from Anglo-French recurs , from Late Latin recursus , from Latin, act of running back, from recurrere to run back — more at recur. Learn More about recourse. Resources for recourse Time Traveler! Explore the year a word first appeared.
From the Editors at Merriam-Webster. A Subtle Difference Both words mean "to happen again," but one suggests frequent or periodic repetition.
Dictionary Entries near recourse recountal recoup recouple recourse re-cover recover recoverance. Time Traveler for recourse The first known use of recourse was in the 14th century See more words from the same century.
How to Use Factoring for Cash Flow. History and Etymology for recourse Middle English recours , from Anglo-French recurs , from Late Latin recursus , from Latin, act of running back, from recurrere to run back — more at recur. The awkward case of 'his or her'. At the sale, foreclosure or other disposition, nonrecourse debt incurred as part of the financing of the acquisition, and money extracted from an investment by mortgaging out, are treated the same: From Wikipedia, the free encyclopedia. How we chose 'justice'.
English Language Learners Definition of recourse. Kids Definition of recourse. More from Merriam-Webster on recourse Rhyming Dictionary: Words that rhyme with recourse Thesaurus: All synonyms and antonyms for recourse Spanish Central: Translation of recourse Nglish: