Related Words

Executive Course: A golf course with very short holes, mostly par 3's and short par 4's

Mohair Recourse Loan Program: A program authorized by the emergency provisions of the FY1999 USDA appropriations act (P.L. 105-277, October 21, 1998) that makes interest-free recourse loans of $2.00 per pound on mohair p . . . View Full Definition

Magnetic Course: COMPASS COURSE ± deviation.

Non-Credit Courses: These are classes or courses that do not meet the requirements for a certificate or a degree at a given institution. Non-credit courses may serve one of several purposes: to explore new fiel . . . View Full Definition

Limited Recourse: Rights only to specifically stipulated assets to satisfy an unpaid debt.

Nonrecourse: In the case of default, the lender has ability to claim assets over and above what the limited partners contributed.

Nonrecourse Loan: A loan taken by limited partners used to finance their portion of the partnership, which is secured by their ownership in the venture.

Jury Of Executive Opinion: A method of forecasting using a composite forecast prepared by a number of individual experts. The experts form their own opinions initially from the data given, and revise their opinions ac . . . View Full Definition

Half Course: A course spanning over one semester as opposed to a Full Course (course taken over two semesters).

General Recourse: Rights to demand payment from the general assets of the debtor, without seniority in access to any specific assets.