nonrecourse
C1CEFR level
65/100Rarity: rare
TechnicalRegister
Of a loan, secured only against pledged assets with no further claim on the borrower.
Because the financing was nonrecourse, the lender could seize the collateral but not pursue the sponsor's other assets.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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