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التركية - الإنجليزية

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recourse

{n} access, application for help, return

resort to or application for help in exigency or trouble

A coursing back, or coursing again, along the line of a previous coursing; renewed course; return; retreat; recurence

To return; to recur

The right of a lender or holder of a note secured by a mortgage to look to the personal assets of the borrower or endorser for payment should, not just to the property

The right of the holder of a note to look personally to the borrower or endorser for payment Must have been secured by a mortgage or deed of trust

The right of a lender, in the event of a default by the borrower, to recover against the personal assets of a party who is secondarily liable for the debt (e g , endorser or guarantor)

If you achieve something without recourse to a particular course of action, you succeed without carrying out that action. To have recourse to a particular course of action means to have to do that action in order to achieve something. It enabled its members to settle their differences without recourse to war. something that you do to achieve something or deal with a situation, or the act of doing it (recours, from , from recurrere; RECUR)

The right of the holder of a note secured by a mortgage or deed of trust to look personally to the borrower or endorser for payment

the ability of a lender to claim money from a borrower in default, in addition to the property pledged as collateral

act of turning to for assistance; "have recourse to the courts"; "an appeal to his uncle was his last resort"

A loan for which the borrower is personally liable for payment if the borrower defaults

Term describing a type of loan If a loan is with recourse, the lender has a general claim against the parent company if the collateral is insufficient to repay the debt

Term describing a type of loan If a loan is with recourse, the lender has a the ability has the ability to fall back to the guarantor of the loan if the borrower fails to pay For example, Bank A has a loan with Company X Bank A sells the loan to Bank B with recourse If Company X defaults, Bank B can demand Bank A fulfill the loan obligation

In the event a person defaults on a loan, recourse is the right of a person to receive payment Recourse could give the lender the ability to take possession of the borrowers assets

The right to seek payment on a discounted note from the payee if the maker defaults

act of turning to for assistance; "have recourse to the courts"; "an appeal to his uncle was his last resort" something or someone turned to for assistance or security; "his only recourse was the police"; "took refuge in lying

The right to demand return of money paid In negotiation of a letter of credit, payment by the negotiating bank will normally be with recourse (i e if the Issuing bank subsequently does not pay)

Refers to the right, in an agreement, to demand payment from the person who is taking on an obligation A full recourse loan refers to the right of the lender to take any assets of the borrower if repayment is not made A limited recourse loan only allows the lender to take assets named in the loan agreement A non-recourse loan limits the lender's rights to the particular asset being financed -- an approach that is common in home mortgages and other real estate loans

something or someone turned to for assistance or security; "his only recourse was the police"; "took refuge in lying"

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