Recourse in example sentence

Start with the proposal made by Martin Feldstein, who recommends a trade: the government should reduce the value of mortgages when they are sufficiently underwater, with the government and the banks splitting the losses; in exchange, the borrower must agree that the new loan becomes “full recourse.”

More example sentences with word recourse

That we have the power to make a difference in our lives, both individually and collectively, without recourse to some outside force.

But after we disbursed the loans, I remember a trip in Uganda where I found newly built schools without textbooks or teachers, new health clinics without drugs, and the poor once again without any voice or recourse.

It creates economies of scale, significant and long-term resource investment, the expertise of many different kinds of people and different kinds of minds, and for individuals, consumers, it's bringing the standards, rules and recourse that we really want as consumers, and this is kind of bound up in a brand promise, and the companies are providing this on a platform for participation.

It's happening, the recourse to market mechanisms and market thinking and market solutions, in bigger arenas.

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