Recourse

Business / Finance / 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.

Other Words for Recourse

Recourse Verb Synonyms: resort, access, entr‚e, admittance, availability
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Recourse Loan Program

Business / Agriculture / Recourse Loan Program: Under the FAIR Act of 1996, recourse loans are available to producers of high moisture corn and seed cotton, dairy processors, and sugar processors. The commodity is pledged as security, but in contra MORE

Nonrecourse Loans

Business / Agriculture / Nonrecourse Loans: Farmers or processors participating in government commodity programs may pledge certain stored commodities as collateral and obtain a loan from the CCC at a commodity-specific, per-unit loan rate. The MORE

Mohair Recourse Loan Program

Business / Agriculture / Mohair Recourse Loan Program: A program authorized by the emergency provisions of the FY1999 USDA appropriations act (P.L. 105-277, October 21, 1998) that makes interest-free recourse loans of $2.00 per pound on mohair produced pr MORE

Honey Recourse Loan Program

Business / Agriculture / Honey Recourse Loan Program: A program authorized by the emergency provisions of the FY1999 USDA appropriations act (P.L. 105-277, October 21, 1998) that makes recourse loans based on a national average rate of $0.56 per pound on MORE

Limited Recourse

Business / Loan / Limited Recourse: Rights only to specifically stipulated assets to satisfy an unpaid debt. MORE

Nonrecourse

Business / Finance / Nonrecourse: In the case of default, the lender has ability to claim assets over and above what the limited partners contributed. MORE

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