A loan on which the responsibility of a loan is transferred to an endorser or guarantor in the event of default by the borrower.
Related information about full recourse:
- Full Recourse Debt Definition | Investopedia
Typically with a full recourse loan no occurrence, such as loss of job or sickness, can get the borrower out of the debt obligation. In this situation, if there is no ...
- Recourse debt - Wikipedia, the free encyclopedia
A full recourse debt gives the granter the right to take any and all assets of the debtor, up to the full amount of the debts. The lender will sell the seized assets, ...
- Full Recourse - Financial Dictionary - The Free Dictionary
No matter what risk event occurs, the borrower or its guarantors guarantee to repay the debt. This is not a project financing unless the borrower's sole asset is the ...
- With Full Recourse - The Free Dictionary
re·course (r kôrs , -k rs , r -kôrs , -k rs ). n. 1. The act or an instance of turning or applying to a person or thing for aid or security: have recourse to the courts. 2.
- Full Recourse: Definition from Answers.com
Full Recourse Type of indirect lending in which a merchant or dealer sells loan contracts to a bank or finance company with an unconditional guarantee.
- What is full recourse? definition and meaning
Definition of full recourse: A loan on which the responsibility of a loan is transferred to an endorser or guarantor in the event of default by the borrower.
- Guest Column: The Cherryland Decision—Full-Recourse ...
Apr 4, 2012 ... The economic decline in the real es- tate market has forced many borrowers of commercial mortgage-backed securities loans into default ...
- What is FULL RECOURSE LOAN? - The Law Dictionary
Definition of FULL RECOURSE LOAN: A LOAN with repayment that may come from the proceeds of the project/ASSET being financed or the sale of specific ...