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Examples of recourse in a Sentence
Word History
Dictionary Entries Near recourse
Cite this Entry
“Recourse.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/recourse. Accessed 21 Feb. 2025.
Kids Definition
recourse
nounLegal Definition
recourse
nounNote: 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.
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