Meaning Recourse Agreement
What does Recourse Agreement mean? Here you find 4 meanings of the word Recourse Agreement. You can also add a definition of Recourse Agreement yourself
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Recourse AgreementAn agreement between a Finance Company and a Developer where the Developer pays off any outstanding debt if a purchaser financed by the Finance Company defaults on a Finance Agreement.
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Recourse AgreementAn agreement with a vendor whereby the vendor will purchase or repurchase the lessor's interest in a lease, usually upon demand, after default of the lessee. Generally, the lease must be in defau [..]
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Recourse AgreementAgreement with a vendor where the vendor purchases or repurchases the lessor's interest in a lease (usually upon demand), after default of the lessee. Generally, the lease must be in default and [..]
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Recourse AgreementAn agreement with a vendor whereby the vendor will purchase or repurchase the lessor's interest in a lease, usually upon demand, after default of the lessee. Renewal Option:
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