Guarantee by a borrower that they will repay a debt, regardless of what other conditions occur. When using this type of loan, the lender is allowed to go after personal assets of the borrower to collect if there is no collateral for the loan and if the loan is in default.
Related information about full recourse debt:
- Full Recourse Debt Definition | Investopedia
A guarantee that no matter what happens, the borrower will repay the debt. Typically with a full recourse loan no occurrence, such as loss of job or sickness, can ...
- Recourse debt - Wikipedia, the free encyclopedia
A full recourse debt gives the granter the right to take any and all assets of the debtor, up to the full amount of the debts. The lender will sell the seized assets, ...
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Definition of full recourse debt: Guarantee by a borrower that they will repay a debt, regardless of what other conditions occur. When using this type of loan, the ...
- Irs Recourse Vs. Nonrecourse Debt | LIVESTRONG.COM
Jun 5, 2010 ... Investopedia: Full Recourse Debt · Investopedia: Non-Recourse Debt · Internal Revenue Service: Foreclosures and Repossessions ...
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Table of Contents [ Hide]. Limited Recourse Debt: Project Financing Full Recourse Debt: Balance Sheet Financing Loan Guarantees USDA Loan Guarantees ...
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Full Recourse Debt – Balance Sheet Financing. A. Defined. With balance sheet financing, the payment of the debt is backed by the legal obligation of an entity ...
- TaxAlmanac - A free online tax research resource and community ...
Riley2 (talk|edits) said: 28 January 2009. Incidentally, if this is full-recourse debt, the amount that is included on the Schedule C is $130,000.
- TaxAlmanac - A free online tax research resource and community ...
In the case of full recourse debt, the amount realized includes debt to the extent of the fair market value of the property. However, under Internal ...