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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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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.


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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.


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


Is Florida a non recourse loan state.?

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How do you use the word recourse?

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


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