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recourse loan
- 1 dictionary result
IRA Non-
Recourse Loans
Nationwide financing for investment properties held in your IRA.
www.iralending.com
Financial Dictionary
recourse loan
A loan in which the lender can claim more than the collateral as repayment in the event that payments on the loan are stopped. Thus, a recourse loan places the borrower's personal assets at risk.
Compare
nonrecourse loan
.
Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
Cite This Source
IRA Non-
Recourse Loans
Nationwide financing for investment properties held in your IRA.
www.iralending.com
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