What is 'recourse' vs. 'non-recourse' in the context of a lessor selling/assigning leases?
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A
Recourse means the original lessor remains liable if the lessee defaults; non-recourse shifts all risk to the buyer
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B
Recourse means the lessee can return the equipment anytime
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C
Non-recourse leases have no security interest
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D
Recourse financing always carries a lower interest rate