Full recourse

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Related to With Recourse: Without recourse

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.
References in periodicals archive ?
First, small business loans sold with recourse would be reported in accordance with GAAP on the regulatory reports filed by insured depository institutions.
The Company's current estimate of the required repurchase liability for loans sold with recourse is $6.
Regarding the rationale for the regulatory reporting requirements for asset sales with recourse, the banking regulators historically have considered the existence of any risk that may be borne by the seller as the determining factor in deciding if sales treatment is appropriate.
Finally, when "sales" can only be made with recourse, as opposed to selling assets at enough of a discount to insulate the purchaser of the assets from all but catastrophic losses, banks may tend to sell only the highest quality assets and keep those of lower quality.
Logicon FDC's Strategic Partnership with Recourse will add a significant dimension to our ability to bring complete covert security solutions to our federal government customers," said Rene LaVigne, President of Logicon FDC.
the established leader in automated Web application control and security software, today announced a partnership with Recourse Technologies, the leader in threat management solutions, to offer joint customers a comprehensive solution to detect and prevent malicious activity at both the network and application level.
By partnering with Recourse, we deliver to our customers the best security solutions on the market.
Through the agreement with Recourse Technologies, Acclaim will be able to integrate ManTrap as part of the customized enterprise-class computing infrastructures it develops, thus providing a more secure solution for its clients.