recourse


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Related to recourse: Without recourse, have recourse to

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Paper, such as a check or promissory note, to receive payment on it from anyone who has signed it if the individual who originally made it is unable, or refuses, to tender payment.

Recourse is the right of the holder to recover against a prior endorser, who is secondarily liable. When a check is endorsed without recourse, it signifies that the endorser will not be liable to pay in the event that payment is refused.

recourse

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

recourse

noun avail, benefit, confugere, correccive device, corrective measure, device, disposal, legal redress, means, redress, remedy, resource, se applicare, se conferre
Foreign phrases: Electa una via, non datur recursus ad alleram.He who has chosen one course cannot have reeourse to another.
See also: alternative, option, tool

recourse

the right to demand payment, especially from the drawer or indorser of a BILL OF EXCHANGE or other NEGOTIABLE INSTRUMENT when the person accepting it fails to pay. Hence, without recourse is a qualified indorsement on such a negotiable instrument, by which the indorser protects himself from liability to subsequent holders.
References in classic literature ?
In determining the extent of information required in the exercise of a particular authority, recourse then must be had to the objects within the purview of that authority.
She had recourse to religion, the great consoler of oppressed virginity.
This must not be," I thought I heard him say: "either he must listen to reason, or I must have recourse to the last resource of civilization.
My mind is evidently so constituted that I am subconsciously forced into the path of duty without recourse to tiresome mental processes.
They are compelled, therefore, to have recourse to those houses whose history contains moving incidents like these.
You must know there are two ways of contesting,[*] the one by the law, the other by force; the first method is proper to men, the second to beasts; but because the first is frequently not sufficient, it is necessary to have recourse to the second.
Indeed, it seems that in defining contraries of every kind men have recourse to a spatial metaphor, for they say that those things are contraries which, within the same class, are separated by the greatest possible distance.
Oubliettes are employed as a means of kingly vengeance, and a low-born fellow such as he is would not have recourse to them.
As the history of his chair had exhausted all his facts, Grandfather determined to have recourse to fable.
A few folds of yellow tappa tucked about my waist, descended to my feet in the style of a lady's petticoat, only I did not have recourse to those voluminous paddings in the rear with which our gentle dames are in the habit of augmenting the sublime rotundity of their figures.
My next enquiries were concerning Philippa and her Husband, the latter of whom I learned having spent all her fortune, had recourse for subsistence to the talent in which, he had always most excelled, namely, Driving, and that having sold every thing which belonged to them except their Coach, had converted it into a Stage and in order to be removed from any of his former Acquaintance, had driven it to Edinburgh from whence he went to Sterling every other Day.
Don't be angry, Vatel, I thought my cellar -- your cellar -- sufficiently well stocked for us to be able to dispense with recourse to the cellar of L'Image de-Notre-Dame.