[ non-ree-kawrs, -kohrs, non-ri-kawrs, -kohrs ]
/ nɒnˈri kɔrs, -koʊrs, ˌnɒn rɪˈkɔrs, -ˈkoʊrs /
a loan for which the borrower cannot be held responsible for any amount in excess of the security for the loan, even if the value of such security falls below the level it had or that had been anticipated for it at the time of the loan.
What Is The Difference Between Loan, Lend, Loaned, And Lent?The words loan and loaned are the present and past tenses of to loan. Lend and lent are the present and past tenses of to lend. As verbs, loan and lend are often used interchangeably. For example, “A bank loans people money to buy a home. It also lends borrowers money to buy a car.” Loan and lend also have identical meanings when they’re used …
What Does “FICO” Stand For?When was the last time you ordered a credit report? The paper document is abstruse enough, but you have to maneuver through the morass of oddly-named companies that produce them — Equifax, Experian, TransUnion and more. The process is abstract, but the results are concrete. There’s some new, and bad, news about those infamous numbers. More than a quarter of Americans now have scores of 599 or lower. …
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019