| Name: | RecourseTypeDimension |
|---|---|
| Label: | Recourse Type Dimension |
| TREF ID: | DM941 |
| Type: | Predefined |
| Description: |
This dimension categorises the reported information by whether the loan is a recourse or non-recourse loan. |
| Usage: |
Dimension Members
| Name | Label | TREF ID | Description |
| NonRecourse | Non Recourse | DV8725 |
A non-recourse loan is a type of loan that is secured by collateral, where if the borrower defaults the lender can only seize the assets put up as collateral for the loan. |
| Recourse | Recourse | DV8724 |
Recourse is a type of loan that is secured by a pledge of collateral, the lender is not limited to collateral only; they have the legal right and ability to demand full payment or compensation. |