Recourse Love Machine 16 years ago 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 Recommended for you: Recession Resistant Receivables Balance Fractions Recoupling Red Herring