Nolo's Plain-English Law Dictionary

Legal Dictionary Home

Need Professional Help? Talk to a Lawyer

Enter Your Zip Code to Connect with a Lawyer Serving Your Area

searchbox small
Recourse Loan
A loan that permits the lender to collect, in the event of default, out of the debtor's collateral or other personal assets.
LA-NOLO2:DRU1.6.5.20150407.31341