right of recourse

См. также в других словарях:

• recourse — The right to seek repayment of debt. Usually used to describe the right to seek repayment from an originator or prior endorser who sold or assigned debt to another party. American Banker Glossary Term describing a type of loan. If a loan is with… …   Financial and business terms

• Recourse — Term describing a type of loan. If a loan is with recourse, the lender has a general claim against the parent company if the collateral is insufficient to repay the debt. The New York Times Financial Glossary * * * recourse re‧course [rɪˈkɔːs ǁ… …   Financial and business terms

• 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 — [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

• Right — • Substantive designating the object of justice Catholic Encyclopedia. Kevin Knight. 2006. Right     Right     † …   Catholic encyclopedia

• 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 — A legal agreement by which the lender has the rights to pledged collateral in the event that the borrower is unable to satisfy debt obligation. Recourse refers to the legal right to collect. Recourse lending provides protection to lenders, as… …   Investment 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… …  

• Right to Information Act — The Right to Information Act 2005 (Act No. 22/2005) cite web title = Right to Information Act, 2005 work = publisher = Ministry of Personnel, Public Grievances and Pensions date = 2005 12 10 url = http://persmin.nic.in/RTI/WelcomeRTI.htm format …   Wikipedia

• recourse — noun Etymology: Middle English recours, from Anglo French recurs, from Late Latin recursus, from Latin, act of running back, from recurrere to run back more at recur Date: 14th century 1. a. a turning to someone or something for help or… …   New Collegiate Dictionary

• 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