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Full Recourse |
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Full recourse 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 project. Full Recourse Describing a loan for which there is a co-signer. That is, if the borrower defaults on the loan, the co-signer becomes legally liable for repayment. Thus, in addition to any collateral that may secure the loan, the lender is further protected from default by the existence of the co-signer. See also: Non-recourse loan. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| FSC (F/S's and Venture's grandparent company) unconditionally (and on a full recourse basis) guaranteed F/S's full performance of the lease. Your company could provide full recourse to the lender. The Place Bell loan is full recourse to the sponsor. |
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