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Multiple Meanings

If you’re not reasonable, my only recourse will be to sue you.
a different way to accomplish something when the preferred way doesn’t work

In finance and law, recourse has more specialized meanings. When someone borrows money to purchase a home, the loan can be a nonrecourse loan or not. If the loan is nonrecourse and the borrower does not make payments, the lender can take the property, but they cannot take other money, valuables, or future wages of the borrower. Some states require that home loans be nonrecourse. In many states borrowers can purchase either kind of loan.

More generally in finance and law, recourse may refer to collecting from a second party who has guaranteed that a first party will pay something. For example, if parents guaranteed a loan made by a bank to their children, then the bank would have recourse to demand payment from the parents if the child didn’t make payments.
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