without recourse. (In an indorsement) without liability to subsequent holders. • With this stipulation, one who indorses an instrument indicates that he or she has no further liability to any subsequent holder for payment. — Also termed sans recours. [Cases: Bills and Notes 293. C.J.S. Bills and Notes; Letters of Credit§ 160.]
indorsement without recourse 无追索权的背书 (→without recourse)
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nonrecourse provision 无追索权规定 １在提单中指一项托运人给承运人的指示，要求后者在收货人向其付清有关运输费用之前不予交货，其效力在于解除了托运人对这些费用的责任；２指票据上的无追索权背书及其他债权转让协议中转让人对债务人是否清偿债务不负保证责任的约定。 (→without recourse)
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with recourse 有追索权 流通票据背书中的用语，背书人藉以表示自己仍然对票据的支付承担责任。与无追索权〔without recourse〕相对。 (→recourse)
recourse (ree-kors or ri-kors). 1. The act of seeking help or advice. 2. Enforcement of, or a method for enforcing, a right. 3. The right of a holder of a negotiable instrument to demand payment from the drawer or indorser if the instrument is dishonored. See WITH RECOURSE; WITHOUT RECOURSE. 4. The right to repayment
no recourse. 1. The lack of means by which to obtain reimbursement from, or a judgment against, a person or entity (the bank had no recourse against the individual executive for collection of the corporation’s debts). 2. A notation indicating that such means are lacking (the bill was indorsed “no recourse”). See nonrecourse loan under
An indorsement that passes title to the instrument but limits the indorser’s liability to later holders if the instrument is later dishonored. • Typically, a qualified indorsement is made by writing “without recourse” or “sans recourse” over the signature. — Also termed indorsement without recourse. UCC § 3-415(b). See WITHOUT RECOURSE. [Cases: Bills and Notes
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An indorsement that does not limit the indorser’s liability on the paper. • It does not, for example, include the phrase “without recourse.” [Cases: Bills and Notes 281, 287, 293. C.J.S. Bills and Notes; Letters of Credit §§ 147, 160.]
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indorser not holden 不受追索之背书人 (→without recourse)
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