Mini Bio (1). Ron Reagan was born on May 20, 1958 in Los Angeles, California, USA as Ronald Prescott Reagan. He is an actor, known for Post No Bills (1991), Hollywood Commandos (1997) and Front Page (1993). He was previously married to Doria Palmieri.
The Definition of Recourse and Non-Recourse. First of all, what do the terms recourse and non-recourse mean? The definition of a recourse loan is a loan where the borrower or guarantors are personally liable for repaying any outstanding balance on the loan, in addition to the collateral itself.
In the most common usage, the terms asset-based lending and asset financing refer to the same thing. Asset-based lending ... Contrasting Non-Recourse And Recourse Loans. The difference between a recourse and non-recourse loan involves how aggressively a lender can pursue a borrower who defaults on the loan.