PET - Plain English Taxonomy

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.