Recourse debt
id:
recourse-debt-305-3217484
title:
Recourse debt
text:
Recourse debt is a debt that is backed by collateral from the borrower. Also known as a recourse loan, this type of debt allows the lender to collect from the debtor and the debtor's assets in the case of default as opposed to foreclosing on a particular property or asset as with a home loan or auto loan. Nonpayment of recourse debt allows the lender the right to collect assets or pursue legal action. While mortgages in the US are typically nonrecourse debt, a foreclosure or bankruptcy can trigg
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Recourse_debt
date created:
date modified:
2024-04-11T11:03:25Z
main entity:
{"identifier":"Q7302965","url":"https://www.wikidata.org/entity/Q7302965"}
image:
{"content_url":"https://upload.wikimedia.org/wikipedia/commons/c/cd/Government-Vedder-Highsmith-detail-1.jpeg","width":3696,"height":2343}
fields total:
13
integrity:
14