with recourse

См. также в других словарях:

• with recourse — Term which may be used in indorsing negotiable instrument and by which the indorser indicates that he remains liable for payment of the instrument. See also recourse Compare without recourse …   Black's law dictionary

• with recourse — A lending expression that means the loans or leases that have been acquired from an original lender or lessor are guaranteed by the originator. American Banker Glossary …   Financial and business terms

• with recourse — record written on a promissory note that determines that the endorser is still a guarantor on the debt …   English contemporary dictionary

• Transactions with recourse —   An arrangement whereby a bank sells a loan or other asset to a third party, but retains an obligation to assume the credit risk if the borrower defaults or the value of the asset otherwise deteriorates. Typically, these involve the sale of… …   International financial encyclopaedia

• recourse — The right to seek repayment of debt. Usually used to describe the right to seek repayment from an originator or prior endorser who sold or assigned debt to another party. American Banker Glossary Term describing a type of loan. If a loan is with… …   Financial and business terms

• 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. The New York Times Financial Glossary * * * recourse re‧course [rɪˈkɔːs ǁ… …   Financial and business terms

• recourse — To recur. The right of a holder of a negotiable instrument to recover against a party secondarily liable, e.g., prior endorser or guarantor. Therefore, if a prior endorser signs without recourse, he exempts himself from liability for payment, but …   Black's law dictionary

• recourse loan — Loan on which an endorser or guarantor is liable in event of default of borrower. See also recourse with recourse Compare nonrecourse loan …   Black's law dictionary

• recourse — noun (formal) ADJECTIVE ▪ constant, frequent ▪ limited (esp. BrE), little ▪ Drivers have little recourse but to wait until the weather clears. ▪ no other …   Collocations dictionary

• recourse — resource, resort, recourse 1. The three words all have to do with finding help or support and are chiefly distinguished from one another by the typical phrase patterns in which they operate. These are given in the table below. resource a simple… …   Modern English usage

• 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… …   Investment dictionary