For Recourse we have terms and definitions in 5 topics. The topics are Accounting, Finance, International Business, Logistics and Real Estate.

Recourse (Accounting)

in financeis the right to demand payment from the maker or endorser of a negotiable instrument (as a check). See RECOURSE NOTE.

Recourse (Finance)

Term describing a type of loan. If a loan is with recourse, the lender has a general claim against the parent company if the collateral is insufficient to repay the debt.

Recourse (International Business)

The right to demand return of money paid. In negotiation of a letter of credit, payment by the negotiating bank will normally be with recourse.

Recourse (Logistics)

A right claim against the guarantors of a loan or draft or bill of exchange.

Recourse (Real Estate)

The right of the holder of a note secured by a mortgage or deed of trust to look personally to the borrower or endorser for payment, not just to the property.

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