Recourse - Meaning
Term describing a type of loan. If a loan is with recourse, the lender has a general claim against the parent company if the collateral is insufficient to repay the debt.
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(Founder of Dhanguard Corporate Service Provider, Dhanguard Banking Consultancy, Dhangaurd Business Center) Hemant Katayal, the visionary founder of Dhanguard, leads a dynamic firm specializing in business setup, financial advisory, and banking solutions in the UAE. With extensive expertise in corporate banking and business structuring, Hemant has empowered countless entrepreneurs and businesses to thrive in the region’s competitive market. His deep understanding of financial management and compliance makes him a trusted partner for businesses seeking sustainable growth.