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Examples of recourse in a Sentence
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“Recourse.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/recourse. Accessed 22 Nov. 2024.
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.
More from Merriam-Webster on recourse
Nglish: Translation of recourse for Spanish Speakers
Britannica English: Translation of recourse for Arabic Speakers
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