What Is The Definition Of A Borrower

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Posted on February 12, 2019 at 17:19 PM



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What is recourse loan? definition and meaning ...
Loan agreement under which a borrower gives an undertaking to repay a debt even if the funded asset (acquired with the loan proceeds) cannot be liquidated to cover the loan amount.In case of a default, the lender can seize and sell the funded asset as well as the borrower's un-pledged assets or properties. See also non recourse loan.
borrower - English-Spanish Dictionary - WordReference.com
borrower - Translation to Spanish, pronunciation, and forum discussions
Non-Performing Loan Npl Definition from Financial Times ...
A loan on which the borrower is not making interest payments or repaying any principal. At what point the loan is classified as non-performing by the bank, and when it becomes bad debt, depends on local regulations.

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