See Also: Tight money or dear money(finance)
recourse(dictionary)
Non-recourse(finance)
Without Recourse(money)
recourse(dictionary)
WITHOUT RECOURSE(law)
Right of Recourse(money)
recourse(medicine)
Recourse(money)
Recourse(finance)

Recourse (money)


Definition: Right to go back for payment to previous endorsers to a negotiable instrument if the first party fails to pay or deliver. Or a source of assistance.

Definition: [crh] Term describing a type of loan. If a loan is with recourse, the lender has a the ability has the ability to fall back to the guarantor of the lDefinition: oan if the borrower fails to pay. For example, Bank A has a loan with Company X. Bank A sells the loan to Bank B with recourse. If Company X defaults, Bank B can demand BaDefinition: nk A fulfill the loan obligation.