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Recourse |
Also found in: Dictionary/thesaurus, Financial | 0.01 sec. |
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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Paper, such as a check or promissory note, to receive payment on it from anyone who has signed it if the individual who originally made it is unable, or refuses, to tender payment.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) |
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Even so, the aggrieved parties have other recourses, such as defamation litigation. NAS virtualization switches break the physical static mapping between clients and their storage recourses, decoupling the logical location from the physical location of the data. Spatial national plan number 31 (and later number 35), allocated the majority of the state territory for agricultural uses, open space and natural recourses. |
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