TERMIUM Plus®

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

RECOURSE YOU [1 record]

Record 1 2009-03-17

English

Subject field(s)
  • Banking
CONT

If a loan is with recourse, the lender has a general claim against the parent company if the collateral is insufficient to repay the debt.

OBS

[An expression indicating that a lender has the] right to claim funds from a previous party.

Key term(s)
  • with recourse to you

French

Domaine(s)
  • Banque
DEF

[Expression qui indique le] droit de recours du cessionnaire, de l'affactureur, des détenteurs ultérieurs ou de l'escompteur contre le cédant, l'adhérent, l'endosseur ou le remettant en cas de non-recouvrement ou de non-paiement.

CONT

Lorsque le CT [contingent tarifaire] visant les importations de sucre des États-Unis est fixé au-dessous de 1,5 million de tonnes en quantité en brut, la CCC [Commercial Credit Corporation] accorde des prêts avec recours.

Key term(s)
  • avec recours contre vous

Spanish

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