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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Table--6 NPL of factoring industry without recourse and with recourse Year Value Growth (Rp.
Under this treatment, when a loan is transferred with recourse, the agencies have generally treated the transaction as a borrowing and have required the transferor to maintain capital against the entire amount of the assets transferred.
Under this treatment, when a loan is transferred with recourse, the agencies have generally treated the transaction as a borrowing and required the transferor to maintain capital against the entire amount of the assets transferred.
Another example is sale of loans with recourse. Many such transactions involve sales of pools of mortgage loans.
Second, bank holding companies that transfer assets with recourse to the seller as part of the securitization process are required under the risk-based capital guidelines to hold capital against their off-balancesheet credit exposures.