liability to recourse

См. также в других словарях:

• recourse — re·course / rē ˌkōrs, ri kōrs/ n 1 a: the act of turning to someone or something for assistance esp. in obtaining redress b: a means to a desired end esp. in the nature of a remedy or justice; also: the end itself 2: the right or ability to… …   Law dictionary

• 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; recurence …   The Collaborative International Dictionary of English

• recourse — [rē′kôrs΄, ri kôrs′] n. [ME recours < OFr < L recursus, a running back: see RE & COURSE] 1. a turning or seeking for aid, safety, etc. [to have recourse to the law] 2. that to which one turns seeking aid, safety, etc. [one s last recourse]… …   English World dictionary

• Recourse Loan — A type of loan that allows a lender to seek financial damages if the borrower fails to pay the liability, and if the value of the underlying asset is not enough to cover it. A recourse loan allows the lender to go after the debtor s assets that… …   Investment dictionary

• recourse — To recur. The right of a holder of a negotiable instrument to recover against a party secondarily liable, e.g., prior endorser or guarantor. Therefore, if a prior endorser signs without recourse, he exempts himself from liability for payment, but …   Black's law dictionary

• recourse — /rəˈkɔs / (say ruh kaws) noun 1. resort or application to a person or thing for help or protection, as when in difficulty: to have recourse to someone. 2. a person or thing resorted to for help or protection. 3. Commerce the right to resort to a… …  

• recourse — /ree kawrs, kohrs, ri kawrs , kohrs /, n. 1. access or resort to a person or thing for help or protection: to have recourse to the courts for justice. 2. a person or thing resorted to for help or protection. 3. the right to collect from a maker… …   Universalium

• recourse — A seeking of aid or assistance. Resort to a person for satisfaction of a demand. In ordinary legal and commercial usage, resort by creditor or obligee to a surety, guarantor, or indorser for payment, after the default of the principal debtor or… …   Ballentine's law dictionary

• Recourse liabilities re bills —   Accounts which contain the contingent liability regarding discounted bills for clients …   International financial encyclopaedia

• Without 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;… …   The Collaborative International Dictionary of English

• without recourse — Words that may be used by a drawer in signing a draft or check so as to eliminate completely the drawer s secondary liability. This phrase, used in making a qualified indorsement of a negotiable instrument, signifies that the indorser means to… …   Black's law dictionary