Question: A recourse loan is . . . A loan that favors the borrower; a loan which, in the case of default, only allows the lender

A recourse loan is

. . .

A loan that favors the borrower; a loan which, in the case of default, only allows the lender to go after the assets pledged to secure the loan.

A loan that favors the lender; a loan which, in the case of default, allows the lender to seize assets beyond the ones pledged by the borrower as a guarantee to secure the loan.

A loan that favors the lender; a loan which, in the case of default, only allows the lender to go after the assets pledged to secure the loan.

A recourse loan is . . . A loan that favors the

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