TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

ASSET SALE RECOURSE [1 record]

Filter results by subject field Alphabetical list of terms

Filter results by subject field

Alphabetical list of terms

Record 1 1989-01-24

English

Subject field(s)
  • Banking
CONT

Transaction with recourse: An arrangement whereby a bank sells a loan or other asset to a third party, but retains an obligation to assume the credit risk if the borrower defaults or the value of the asset otherwise falls. Typically, these involve the sale of assets previously owned by the bank ("asset sales with recourse").

French

Domaine(s)
  • Banque

Spanish

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© Public Services and Procurement Canada, 2024
TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
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