Recourse

Recourse
Denotes type of loan agreement where lender can lay claim against borrowing company or guarantor in case collateral given cannot cover the complete debt.

Random Finance Terms for the Letter S

  • Receivables Balance Fractions
  • Receivables Turnover Ratio
  • Receiver
  • Receive Versus Payment
  • Recession Resistant
  • Reclamation
  • Record Date
  • Recoupling
  • Recourse
  • Red Herring