"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.
I think is non recourse debt
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.
no. why would it be a recourse loan
The duration of The Recourse to the Method is 2.73 hours.
Kentucky is a recourse state, allowing the lender to seek judgments and damages from the borrower.
As of 12/20/2012 Oklahoma is a Recourse State.
A place to find recourse is in nonfiction books in the library.
Diverse Recourse was created on 2007-04-10.
The Recourse to the Method was created on 1978-05-05.
Florida happens to be a recourse state.
Since he was fired from his job, his only recourse was to go home.
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.