recourse

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 demand payment or compensation; specif: the right to demand payment from the endorser or drawer of a negotiable instrument see also recourse note at note compare non-recourse
◇ Under Article 3 of the Uniform Commercial Code, the phrase without recourse on a negotiable instrument limits the liability of the endorser or drawer. If an endorsement states that it is made without recourse, the endorser is not liable to pay, subject to various conditions, if the instrument is dishonored. Similarly, if a draft states that it is drawn without recourse, the drawer is not liable to pay, subject to various conditions, if the draft is dishonored, provided that it is not a check.

Merriam-Webster’s Dictionary of Law. . 1996.

recourse
I noun avail, benefit, confugere, corrective device, corrective measure, device, disposal, legal redress, means, redress, remedy, resource, se applicare, se conferre foreign phrases:
- Electa una via, non datur recursus ad alteram. — He who has chosen one course cannot have recourse to another.
II index alternative (option), tool

Burton's Legal Thesaurus. . 2006


recourse
n.
Assistance in difficulty; a source of help; a right to demand compensation.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


recourse
The right to demand payment to the writer of a check or bill of exchange.
Category: Business, LLCs & Corporations

Nolo’s Plain-English Law Dictionary. . 2009.


recourse
n. A course of action for enforcing a claim; the right of the holder of a note to demand full payment of that note if the terms are not fully honored; the right to be repaid from the borrower's or cosigner's personal assets in excess of the collateral.

Webster's New World Law Dictionary. . 2000.


recourse
The right of an individual who is holding a commercial paper, such as a check or promissory note, to receive payment on it from anyone who has signed it if the individual who originally made it is unable, or refuses, to tender payment.

Dictionary from West's Encyclopedia of American Law. 2005.


recourse
The right of an individual who is holding a commercial paper, such as a check or promissory note, to receive payment on it from anyone who has signed it if the individual who originally made it is unable, or refuses, to tender payment.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

recourse
n.
   the right to demand payment to the writer of a check or bill of exchange.
   See also: bill of exchange, check

Law dictionary. . 2013.

Игры ⚽ Поможем написать реферат
Synonyms:
,


Look at other dictionaries:

  • 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 — ► NOUN 1) a source of help in a difficult situation. 2) (recourse to) the use of (someone or something) as a recourse. ORIGIN Latin recursus, from cursus course, running …   English terms dictionary

  • Recourse — Re*course , v. i. 1. To return; to recur. [Obs.] [1913 Webster] The flame departing and recoursing. Foxe. [1913 Webster] 2. To have recourse; to resort. [Obs.] Bp. Hacket. [1913 Webster] …   The Collaborative International Dictionary of English

  • recourse — (n.) late 14c., from O.Fr. recours (13c.), from L. recursus return, retreat, lit. a running back, from stem of pp. of recurrere run back, return (see RECUR (Cf. recur)) …   Etymology dictionary

  • recourse — [n] alternative aid, appeal, choice, expediency, expedient, help, makeshift, option, refuge, remedy, resort, resource, shift, stand by, stopgap, substitute, support, way out; concepts 693,712 …   New thesaurus

  • recourse — Recourse, Recursus …   Thresor de la langue françoyse

  • 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 — 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 — noun (formal) ADJECTIVE ▪ constant, frequent ▪ limited (esp. BrE), little ▪ Drivers have little recourse but to wait until the weather clears. ▪ no other …   Collocations dictionary

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”