Recourse Loan

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Recourse Loan

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 or may not secure the loan, the lender is further protected from default by the existence of the co-signer. See also: Non-recourse loan.

recourse loan

A loan in which the lender can claim more than the collateral as repayment in the event that payments on the loan are stopped. Thus, a recourse loan places the borrower's personal assets at risk. Compare nonrecourse loan.

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Full Recourse Limited Recourse nonrecourse loan Prestamo con aval personal Prestamo sin aval personal recourse			The non recourse loan, funded through Cronheim with funds provided by one of its insurance company correspondents, has a 5-year term amortized over 25 years at an interest rate of 6. Cronheim's $40m show of faith in Hartz by Real Estate Weekly This mentality represents a vast change from recent years, in part because recourse loans, in which the borrower can be held personally responsible for repayment, are increasingly common these days. Lenders now hinge decisions on proof of wealth by Taylor, Candace / The Real Deal A traditional recourse loan means that the lender has claim on personal or corporate assets in the event of a default by the borrower. Apartment Loan 101 by Cameron Brown / Real estate industry community			recital Reckoning reclamation Reclamo Reclassificacao em categoria inferior Reclassification recognized gain Recognized Gain or Loss Recognized Loss Recomendacion general Recompra de acciones reconciliation reconfiguration Reconhecimento de divida Reconhecimento de firma reconveyance Record Date Record Holder record owner Recordholder recording recording acts recording fee recoup recourse Recourse Loan Recouvrement des couts Recovery recovery fund Recovery of Cost Recovery Period Recovery Property Recovery rate recreational lease Recta del mercado de capitales Rectangle rectangular survey Recuperacao dos custos Recuperacao sem empregos Recuperacion Recuperacion de costos Recuperacion sin empleo Recursos humanos Recursos propios RED Red Chip red herring Red Ink Red-Lining reddendum clause Reddito imputato			recoup recoup from recoupable recoupable recoupable Recoupe Recoupe recouped recouped recouped Recouper Recouper recouping recouping recouping recoupling recoupment recoupment recoupment recoupments recoupments recoupments recoups recoups recoups recourse recourse recourse recourse recourse Recourse Loan Recourse Loans recourse to some higher power recourse to the principles of natural justice Recoursed Recoursed Recoursed Recoursed Recourseful recourses recourses recourses recourses Recouvrement des couts RECOV recover recover recover recover recover recover recover Recover arms recover from recover knowledge recover knowledge of Recover Log Tracking Recover Lunar Magic recover property Recover Protected Species recoverability

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