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单词 nonrecourse loan
释义

nonrecourse loan

From Longman Business Dictionarynonrecourse loannonreˈcourse ˌloanFINANCEBANKING a loan where, if the borrower fails to make repayments, the lender has the right to take the asset that the borrower bought with the loan, but has no rights to the borrower’s other assets loan
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