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
 Related Terms
 Joint tenants with rights of survivorship
Life annuity with period certain
Life income with refund annuity
With dividend
With rights
Without recourse

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