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Check endorsement without recourse keeps a bank from withdrawing the amount of the check, as well as any fees, from a depositor's account even if the deposited check bounces for in...

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 »

Without recourse legal definition of without recourse - Legal Dictionary

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 ...

Without recourse - Legal Information Institute - Cornell University


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 ...

What is without recourse? definition and meaning


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 ...

Without Recourse Definition | Investopedia


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 ...

Definition of “without recourse” | Collins English Dictionary


Definition of “without recourse” | The official Collins English Dictionary online. Comprehensive and authoritative, rely on Collins for up-to-date English with ...

without recourse | AllBusiness.com


Example: Abel insisted that the mortgage to the seller be without recourse. In the event that the value of the property declines, Abel may lose the property but he ...

What Does Sales With Recourse & Without Recourse Mean ...


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 ...

Checks endorsed "without recourse" won't bounce - snopes.com


Comment: I have recently heard that if you endorse a check and include the phrase 'without recourse' that you are not held liable if the check is

Popular Q&A
Q: What Is Factoring Without Recourse?
A: Companies suffering through a cash shortage consider several options. Some companies choose to issue stock or sell partial ownership of the business to investor... Read More »
Source: www.ehow.com
Q: What is Without Recourse?
A: In general: phrase meaning that credit risk, or risk of nonpayment, is assumed by the buyer, rather than the seller, of a promissory note or the holder of a neg... Read More »
Source: www.answers.com
Q: What does without recourse to sick leave mean?
A: Not allowed to take sick leave, or to use the quota of days that are otherwise allowed for sick leave. Read More »
Source: wiki.answers.com
Q: What does "regimentation without recourse" mean?
A: As you probably know, this phrase was used by Barry Goldwater in his 1964 nomination acceptance speech before the Republican National Convention. "And because o... Read More »
Source: answers.yahoo.com
Q: What is the difference between "Without Prejudice" and "Without R...
A: You should demand that the Plaintiff's case be dismissed "with prejudice." That only means that this particular Plaintiff can never bring this particular claim ... Read More »
Source: www.avvo.com