with recourse

with recourse, adv. (In an indorsement) with liability to subsequent holders. • With this stipulation, one who indorses an instrument indicates that he or she remains liable to the holder for payment. [Cases: Bills and Notes 280, 286. C.J.S. Bills and Notes; Letters of Credit§§ 160, 162.]

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词条贡献者

资深译员Grace，毕业于一所培养最顶级翻译人才的语言学院，擅长翻译各类与商业诉讼及争议相关的法律文件。