non-recourseadj.

Brit.

/ˌnɒnrᵻˈkɔːs/,

/ˌnɒnˈriːkɔːs/, U.S.

/nɑnˈriˌkɔrs/,

/ˌnɑnrəˈkɔrs/

Origin: Formed within English, by derivation. Etymons: non- prefix, recourse n.¹

Etymology: < non- prefix + recourse n.¹

Finance.

attributive. Of, designating, or relating to, a loan under the terms of which the lender has a limited right of recourse, or none, against the borrower; esp. (U.S.) a government loan made to a farmer and secured against a future crop, whereby the government is legally prohibited from taking action should the proceeds of the crop be insufficient for repayment (frequently as non-recourse loan). Also: of, designating, or relating to, a loan made to finance a particular project, whereby the project's profits are the only assets out of which the borrowing company is legally obliged to repay the loan.

ΘΚΠ

society > trade and finance > financial dealings > moneylending > [adjective] > types of loan

self-liquidating1851

non-recourse1905

bridging1930

tied1958

underwater1975

sovereign1977

single currency1978

roll-up1983

self-certified1989

sub-sovereign1991

subprime1993

1905 Syracuse (N.Y.) Herald 26 Mar. 11/3 What is called a ‘non-recourse’ bond, one under which, if the bonding company has to make good it will not try to recoup itself from the party bonded.

1928 Jrnl. Business Univ. Chicago 1 72 Finance companies have found auto paper so profitable that their competition for it has led to purchase of paper on a ‘non-recourse’ basis.

1977 Offshore Engineer May 21/2 Marathon paid £1.55 million (Can.$ 2.8 million, $2.6 million) for exploration costs to 1 June 1976, and half that amount again as a non-recourse loan repayable only on production from the blocks.

1991 P. J. O'Rourke Parl. Whores (1992) 148 Nonrecourse loan. This is a loan farmers can get from the government using their crop as collateral.

2000 Ann. Rep. & Accts. (Cable & Wireless) 60/1 Non recourse finance of £253m..has been offset..against the net investment in finance leases.

This is a new entry (OED Third Edition, December 2003; most recently modified version published online March 2022).

单词	non-recourse
释义	non-recourseadj. Brit. /ˌnɒnrᵻˈkɔːs/, /ˌnɒnˈriːkɔːs/, U.S. /nɑnˈriˌkɔrs/, /ˌnɑnrəˈkɔrs/ Origin: Formed within English, by derivation. Etymons: non- prefix, recourse n.¹ Etymology: < non- prefix + recourse n.¹ Finance. attributive. Of, designating, or relating to, a loan under the terms of which the lender has a limited right of recourse, or none, against the borrower; esp. (U.S.) a government loan made to a farmer and secured against a future crop, whereby the government is legally prohibited from taking action should the proceeds of the crop be insufficient for repayment (frequently as non-recourse loan). Also: of, designating, or relating to, a loan made to finance a particular project, whereby the project's profits are the only assets out of which the borrowing company is legally obliged to repay the loan. ΘΚΠ society > trade and finance > financial dealings > moneylending > [adjective] > types of loan self-liquidating1851 non-recourse1905 bridging1930 tied1958 underwater1975 sovereign1977 single currency1978 roll-up1983 self-certified1989 sub-sovereign1991 subprime1993 1905 Syracuse (N.Y.) Herald 26 Mar. 11/3 What is called a ‘non-recourse’ bond, one under which, if the bonding company has to make good it will not try to recoup itself from the party bonded. 1928 Jrnl. Business Univ. Chicago 1 72 Finance companies have found auto paper so profitable that their competition for it has led to purchase of paper on a ‘non-recourse’ basis. 1977 Offshore Engineer May 21/2 Marathon paid £1.55 million (Can.$ 2.8 million, $2.6 million) for exploration costs to 1 June 1976, and half that amount again as a non-recourse loan repayable only on production from the blocks. 1991 P. J. O'Rourke Parl. Whores (1992) 148 Nonrecourse loan. This is a loan farmers can get from the government using their crop as collateral. 2000 Ann. Rep. & Accts. (Cable & Wireless) 60/1 Non recourse finance of £253m..has been offset..against the net investment in finance leases. This is a new entry (OED Third Edition, December 2003; most recently modified version published online March 2022). < adj.1905
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