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| Definition Of: |
Recourse
A type of borrowing in which the borrower (a lessor funding a lease) is fully at-risk to the lender for repayment of the obligation. The recourse borrower (lessor) is required to make payments to the lender whether or not the lessee fulfills its obligation under the lease agreement.
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Leasing Dictionary INDEX:
List of Terms: Terms beginning with "A", Page 1 |
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1 2 3 4 A: Page 1 of 4.
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