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"No Recourse" means there is no positive legal action available. It is the lack of the right to obtain a judgment against or reimbursement from, a defaulting or opposing party.

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17y ago

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Related Questions

Is a car loan considered recourse or non-recourse debt?

I think is non recourse debt


What is recourse funding?

Recourse funding is a type of loan for which collateral is placed. The difference between recourse and non-recourse funding is that in recourse funding, if the collateral sells for less than the amount left on the loan, the lender can go after other assets. In non-recourse funding, the lender would have to absorb the loss.


Is a home improvement loan a recourse loan?

no. why would it be a recourse loan


What is the duration of The Recourse to the Method?

The duration of The Recourse to the Method is 2.73 hours.


Is Kentucky a Recourse or Non-Recourse or One Action state?

Kentucky is a recourse state, allowing the lender to seek judgments and damages from the borrower.


Is Alabama a non recourse state?

As of 12/20/2012 Oklahoma is a Recourse State.


Can you give a sentence for recourse?

A place to find recourse is in nonfiction books in the library.


When was Diverse Recourse created?

Diverse Recourse was created on 2007-04-10.


When was The Recourse to the Method created?

The Recourse to the Method was created on 1978-05-05.


Is Florida a non recourse loan state.?

Florida happens to be a recourse state.


How do you use the word recourse?

Since he was fired from his job, his only recourse was to go home.


Is recourse debt subject to discharge in bankruptcy?

Recourse debt can be subject to discharge in bankruptcy, but it depends on the specific circumstances of the bankruptcy case and the type of recourse debt involved.

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