TERMIUM Plus®

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OPTION RETROCESSION [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

Transactions 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. ... They may take the form of "put options", where the holder of the asset is entitled to "put" the asset back to the bank if the credit quality deteriorates.

French

Domaine(s)
  • Banque

Spanish

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