recourse
C1CEFR level
60/100Rarity: rare
TechnicalRegister
The lender's right to claim against a borrower's other assets if the pledged collateral proves insufficient.
Because the financing was full-recourse, the developer's personal wealth was exposed if the project failed.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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