Recourse finance

From ACT Wiki
Revision as of 14:20, 23 October 2012 by imported>Administrator (CSV import)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigationJump to search

Normally, the lender has the ability to fall back to the guarantor of the loan if the borrower fails to pay or collect from the borrower or borrower's assests.

See also


Retrieved from ‘https://wiki.treasurers.org/w/index.php?title=Recourse_finance&oldid=40424’