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1. recourse
(1) the right of a holder in due course to demand payment from the maker or endorser of a negotiable instrument, or from prior endorsers, if the instrument is dishonored by the maker. (2) the acceptance, assumption or retention of some or all of the risk of loss associated with an asset owned by another party. (3) in the secondary mortgage market, recourse refers to a provision in a sales contract by which a mortgage seller agrees to buy back the loan if default and foreclosure occur.

2. regs
Slang for regulations.

3. silver certificate
A form of U. S. paper currency. The certificate is a receipt for a stated amount of silver in the U. S. Treasury, but the redemption privilege was revoked by Congress in 1968. Silver certificates were first issued in 1873.

4. vend
To sell, or offer to sell, something.

5. repossession
The process of a lender or his agent taking back items that were bought on credit or were pledged as collateral for a loan from a borrower who has fallen behind on loan payments.