A non-recourse loan is a type of debt that’s secured by collateral, such as an individual’s car, house or another typically illiquid asset. By securing a non-recourse loan, the lender won’t have the ...
Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. A recourse is a legal agreement that gives the lender the right to pledged collateral if the ...
A “debt” arises by virtue of the receipt of money or acquisition of property by an individual who has a corresponding obligation to repay the creditor/lender in money or money’s worth. The terms ...
HONG KONG (Reuters) - State-owned China National Chemical Corp (ChemChina) plans to borrow about $30 billion in recourse loans to help fund its $43 billion bid for Swiss seeds and pesticides group ...
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