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 — Without With*out , prep. [OE. withoute, withouten, AS. wi[eth]?tan; wi[eth] with, against, toward + ?tan outside, fr. ?t out. See {With}, prep., {Out}.] [1913 Webster] 1. On or at the outside of; out of; not within; as, without doors. [1913… … The Collaborative International Dictionary of English
without recourse — (law and commerce) A qualified endorsement of a bill or promissory note indicating that the endorser takes no responsibility for non payment • • • Main Entry: ↑recourse * * * Finance a formula used to disclaim responsibility for future nonpayment … Useful english dictionary
Without recourse — Without the lender having any right to seek payment or seize assets in the event of nonpayment from anyone other than the party (such as a special purpose entity) specified in the debt contract. The New York Times Financial Glossary * * * without … Financial and business terms
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
Without Recourse — This phrase has several meanings. In a general sense, when the buyer of a promissory note or other negotiable instrument assumes the risk of default. Without recourse can also refer to a financing arrangement where the dealer s maximum possible… … Investment dictionary
without recourse — A lending expression that means loans or leases that have been acquired from an original lender with no guaranty from the originator. American Banker Glossary Giving the lender no right to seek payment or seize assets in the event of nonpayment… … Financial and business terms
without recourse to me — Same as without recourse … Ballentine's law dictionary
without recourse — sans recours Words that appear on a bill of exchange to indicate that the holder has no recourse to the person from whom it was bought, if it is not paid. It may be written on the face of the bill or as an endorsement. If these words do not… … Accounting dictionary
without recourse — sans recours Words that appear on a bill of exchange to indicate that the holder has no recourse to the person from whom it was bought, if it is not paid. It may be written on the face of the bill or as an endorsement. If these words do not… … Big dictionary of business and management
