with partial recourse is a secondary mortgage market term referring to a clause in the sales contract by which lenders sell their mortgage loans to investors. It means the seller/lender is obligated to reimburse the buyer/investor for an agreed-on portion of any losses resulting from default or other problems in the purchased loans.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). with partial recourse. Retrieved September 27, 2026, from http://smartdefine.org/with_partial_recourse/definitions/1166561 |
| Chicago | Barry Goldsmith. 2010. "with partial recourse" http://smartdefine.org/with_partial_recourse/definitions/1166561 (accessed September 27, 2026). |
| Harvard | Barry Goldsmith 2010, with partial recourse, Smart Define, viewed 27 September, 2026, <http://smartdefine.org/with_partial_recourse/definitions/1166561>. |
| MLA | Barry Goldsmith. "with partial recourse" 21 October 2010. Web. 27 September 2026. <http://smartdefine.org/with_partial_recourse/definitions/1166561> |