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Without Recourse
This phrase has several meanings. In a general sense, when the buyer of a promissory note or other negotiable instrument assumes the risk of default. Without recourse can also refer to a financing arrangement where the dealer's maximum possible... More »

legal-dictionary.thefreedictionary.com/without+recourse

Without Recourse. A phrase used by an endorser (a signer other than the original maker) of a negotiable instrument (for example, a check or promissory note) to ...

www.investopedia.com/terms/w/without-recourse.asp

Without recourse can also refer to a financing arrangement where the dealer's maximum possible liability is limited to warranties pertaining to the quality of an ...

www.businessdictionary.com/definition/without-recourse.html

Definition of without recourse: Without subsequent liability. As a legal term it signifies that a buyer (and not the seller) of an asset, or the holder (and not the ...

www.law.cornell.edu/wex/without_recourse

A phrase meaning that one party has no legal claim against another party. It is often used in two contexts:1. In litigation, someone without recourse against ...

smallbusiness.chron.com/sales-recourse-recourse-mean-34678.html

When it comes to sales, "with recourse" is a legal term that means with subsequent liability, and "without recourse" means without subsequent liability. The sales ...

www.collinsdictionary.com/us/dictionary/english/without-recourse

Without recourse definition: a qualified endorsement on such a negotiable instrument, by which the endorser protects... | Meaning, pronunciation, translations ...

www.letterofcredit.biz/With-recourse-without-recourse.html

With recourse and without recourse are two terms defining whether or not the paying letter of credit bank shall claim refund from the beneficiary in case it could  ...

www.merriam-webster.com/dictionary/recourse

1a : a turning to someone or something for help or protection settled the matter without recourse to lawb : a source of help or strength : resort had no recourse left .

contract-law.laws.com/contract-law/without-recourse

Without recourse is a legal phrase used by an endorser of a negotiable instrument to signify that if the payment of the instrument is denied or refused, the  ...