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recourseLoan

The only way you get the money back in the event of default is the security. Recourse is where you still have the opportunity to go back to the borrower for the rest of the money.

Expected Types

Type Description
Boolean Boolean: True or False.

Used on Types

Type Description
LoanOrCredit A financial product for the loaning of an amount of money, or line of credit, under agreed terms and charges.