Full Recourse
Full recourse is a state in which a debt obligation is owed regardless of the borrower’s personal and financial situation. With full recourse, the lender can take whatever assets it wants to satisfy the borrower’s debt.
Full recourse is a state in which a debt obligation is owed regardless of the borrower’s personal and financial situation. With full recourse, the lender can take whatever assets it wants to satisfy the borrower’s debt.