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Glossary > R > "Recourse" Definition

Recourse

Term describing a type of loan. If a loan is with recourse, the lender has a general claim against the parent company if the collateral is insufficient to repay the debt.

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Recourse - Term describing a type of loan. If a loan is with recourse, the lender has a general claim against the parent company if the collateral is insufficient to repay the debt.

Recourse : term describing a type of loan. if a loan is with recourse, the lender has a general claim against the parent company if the collateral is insufficient to repay the debt.