recourse note

A note that may be satisfied upon default by pursuing the debtor’s other assets in addition to the collateral securing the note. Cf. nonrecourse note. [Cases: Secured Transactions 227, 240. C.J.S. Secured Transactions §§ 152, 164–166, 168–169, 172, 174–175, 180–183.]

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词条贡献者

资深译员Bryan，毕业于美国一流的翻译学院，专注翻译各种与贸易与海关有关的法律文件。