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Recourse
RecourseTerm 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. RELATED TERMS-------------------------------------- Term The period of time during which a contract is in force. Type The classification of an option contract as either a put or a call. Loan Something lent (usually money) that will have to be given or paid back (usually with interest). Recourse 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. Lender Person or institution that lends money to someone else. Guarantor A person who guarantees to pay for someone else's debt if he or she should default on a loan obligation. Pay Money earned by employees for work performed, in the form of wages or salary. SIMILAR TERMS-------------------------------------- Recommended price The price the manufacturer communicates to retailers, but which they are free to disregard. Reconversion A method used by individuals to minimize the tax burden of converting by recharacterizing Roth IRA-converted amounts back to a Traditional IRA and then converting these assets back to a Roth IRA again. Record Record is a Portuguese newspaper. Record date 1) Date by which a shareholder must officially own shares in order to be entitled to a dividend. 2) The date that determines who is entitled to payment of principal and interest due to be paid on a security. RECORD Investments Limited RECORD Investments Limited is a large Australian company in the field of diversified financials. Their Australian Stock Exchange (ASX) code is RCD. Record owner The stockholder of record as distinguished from the beneficial owner. RECORD REALTY RECORD REALTY is a large Australian company in the field of real estate. Their Australian Stock Exchange (ASX) code is RRT. Recordholder The individual or institution listed on the corporation's books as a security holder as of a specified record date. Recording fee The fee a government charges for reporting a real estate purchase or sale into the public record. Recovery An increase in economic activity after a recession, or a rise in share prices. PREVIOUS AND NEXT TERMS-------------------------------------- Reconversion A method used by individuals to minimize the tax burden of converting by recharacterizing Roth IRA-converted amounts back to a Traditional IRA and then converting these assets back to a Roth IRA again. Record date 1) Date by which a shareholder must officially own shares in order to be entitled to a dividend. 2) The date that determines who is entitled to payment of principal and interest due to be paid on a security. Record owner The stockholder of record as distinguished from the beneficial owner. Recordholder The individual or institution listed on the corporation's books as a security holder as of a specified record date. Recording fee The fee a government charges for reporting a real estate purchase or sale into the public record. Recourse Recovery An increase in economic activity after a recession, or a rise in share prices. Red A term relating to a negative balance on a company's financial statements. Red chip A company incorporated and listed in Hong Kong with controlling Chinese shareholders. Red herring A preliminary prospectus providing information required by the SEC. It excludes the offering price and the coupon of the new issue. Red lining Illegal discrimination in making loans, insurance coverage, or other financial services available to people or property in certain areas because of poor economic conditions, high levels of fraudulent transaction, or frequent defaults. We thank you for using the Financial Dictionary to search for Recourse. If you have a better definition for Recourse than the one presented here, please let us know by making use of the suggest a term option. This definition of Recourse may be disputed by other professionals. Our attempt is to provide easy definitions on Recourse and any other medical topic for the public at large.
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