recourse loan Definition

recourse loan

Definition

A loan for which an undersigner is liable for payment if the borrower defaults.

Reproduction of all or part of this glossary and/or this page, in any format, without written consent is prohibited. If you have questions about this dictionary please feel free to contact us feedback\@\investorguide.com

Related Terms on BusinessDictionary

non-recourse loan

Popular 'Lending & Credit' Terms

equity
triple net lease
leverage
interest rate
amortization

security
accounts receivable
quick ratio
financial leverage
accounts payable

recourse loan in the news

Tools

Enter your email address to get our free Term of the Day newsletter!

recourse loan is ...

... part of the Lending & Credit subject.

Nearby Terms

reconstitution
reconveyance
record
record date
recoup
recourse loan
recovery
rectangle
red flag
red herring
red ink

Search volume for recourse loan

Review the unprecedented moves the Fed & Treasury took to bring the financial markets back from the precipice