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Recourse Loan
A type of loan that allows a lender to seek financial damages if the borrower fails to pay the liability, and if the value of the underlying asset is not enough to cover it. A recourse loan allows the lender to go after the debtor's assets that... More »

en.wikipedia.org/wiki/Recourse_debt

Recourse debt is a debt that is backed by collateral from the borrower. Also known as a recourse loan, this type of debt allows the lender to collect from the ...

en.wikipedia.org/wiki/Nonrecourse_debt

Nonrecourse debt or a nonrecourse loan is a secured loan (debt) that is secured by a pledge of ... an intermediate position between those of a full recourse secured loan and a totally unsecured loan. ... The nonrecourse loan was issued with Bear Stearns's less liquid assets as collateral, meaning that the Federal Reserve ...

www.investopedia.com/ask/answers/08/nonrecourse-loan-vs-recourse-loan.asp

Jun 8, 2017 ... The essential difference between a recourse and non-recourse loan has to do with which assets a lender can go after if a borrower fails to ...

www.investopedia.com/terms/r/recourse-loan.asp

A type of loan that allows a lender to seek financial damages if the borrower fails ... A recourse loan allows the lender to go after the debtor's assets that were not ...

www.investopedia.com/terms/r/recourse.asp

Recourse loans are distinct from non-recourse loans, which limit the lender to claiming only the specific asset pledged as collateral. Recourse debt is the more  ...

www.businessdictionary.com/definition/recourse-loan.html

Definition of recourse loan: Loan agreement under which a borrower gives an undertaking to repay a debt even if the funded asset (acquired with the loan ...

apps.irs.gov/app/vita/content/36/36_02_020.jsp

A recourse debt holds the borrower personally liable. All other debt is considered nonrecourse. In general, recourse debt (loans) allows lenders to collect what is ...

thelawdictionary.org/full-recourse-loan

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 ...

www.thebalance.com/about-recourse-loans-315576

Dec 20, 2016 ... When you borrow money, it's important to understand what's at stake. What happens if you fail to repay the loan? With a recourse loan (or ...