recourse
51recourse — re•course [[t]ˈri kɔrs, koʊrs, rɪˈkɔrs, ˈkoʊrs[/t]] n. 1) access or resort to a person or thing for help or protection 2) a person or thing resorted to for help or protection 3) law the right to collect from a maker or endorser of a negotiable… …
52recourse — see COURSE …
53Without recourse — Recourse Re*course (r?*k?rs ), n. [F. recours, L. recursus a running back, return, fr. recurrere, recursum, to run back. See {Recur}.] 1. A coursing back, or coursing again, along the line of a previous coursing; renewed course; return; retreat;… …
54Recourse liabilities re bills — Accounts which contain the contingent liability regarding discounted bills for clients …
55recourse agreement — An agreement between a hire purchase company and a retailer, in which the retailer undertakes to repossess the goods if the buyer fails to pay his regular instalments …
56recourse to law — Invoking the jurisdiction of a court by commencing an action or proceeding …
57Legal recourse — A legal recourse is an action that can be taken by an individual or a corporation to attempt to remedy a legal difficulty.* A lawsuit if the issue is a matter of civil law * Many contracts require mediation or arbitration before a dispute can go… …
58Non-Recourse Expense — An accounting term that sometimes refers to the cost of absorbing losses on defaulted non recourse debt. In other words, when a borrower fails to repay a non recourse loan, the lender s only possible recourse is to seize any pledged collateral… …
59Limited Recourse Debt — A debt in which the creditor has limited claims on the loan in the event of default. Limited recourse debt sits in between secured bonds and unsecured bonds in terms of the backing behind the loan. Often a limited recourse debt contract is… …
60without recourse — adverb conditional endorsement, qualified endorsement, restricted, subject to terms associated concepts: endorsement without recourse Burton s Legal Thesaurus. William C. Burton. 2006 without recourse …
