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 >>

Getting Your Finances Ready for Your Golden Years: If you're seriously considering retirement, you also should be seriously thinking about how to ensure that your financial life is as comfortable and stress-free as possible. Here are a few tips. More...

There is one thing stronger than all the armies in the world; and that is an idea whose time has come. - Victor Hugo

Advertising



Copyright 2009-2018 GVC. All rights reserved.