Advertising

With recourse

• If the loans are sold with recourse, then the bank has a contingent off-balance sheet liability. If the loans go bad, the buyer will sell the loans back to the originator. Hence, loans sold with recourse present a long-term potential liability.

 
 Embedded terms in definition
 Balance sheet
Liability
Recourse
Sell
Will
 
 Related Terms
 Joint tenants with rights of survivorship
Life annuity with period certain
Life income with refund annuity
Recourse
With dividend
With rights
Without recourse

<< With dividend With rights >>

Managing Your Expenses on a Fixed or Reduced Income: Once you've retired, you finally have the opportunity to work at your dream job - keeping yourself happy. It's your chance to visit places you've always wanted to see, take up a new hobby and spend more time with your family and friends. But to be successful at this new position, you've got to make the most of your income and investments. Here are suggestions. More...

Am I not destroying my enemies when I make friends of them? - Abraham Lincoln (1809-1865)

Advertising



Copyright 2009-2019 GVC. All rights reserved.