Recourse Debt
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Recourse Debt is a type of financial obligation where the borrower is personally liable for the repayment, allowing lenders to claim the borrower’s other assets beyond the collateral.
Explore the fundamentals of non-recourse debt, including detailed definitions, illustrative examples, key differences from recourse debt, and more. Gain a thorough understanding of how non-recourse loans work and their implications in various financial contexts.
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