Recourse is the legal right of a creditor to demand payment from a debtor, or from a third party who has guaranteed the debt, in the event that the debtor fails to pay. In the context of loans, recourse allows the lender to seek repayment from the borrower or from a guarantor if the borrower … Read more

What Is Intercorporate Investment?

Intercorporate investment is an investment made by one corporation in another. This can take the form of equity investment, loans, or the purchase of assets. The purpose of intercorporate investment is typically to gain a financial stake in the other company, expand one’s business operations, or both. There are several reasons why a corporation might … Read more