no recourse

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 LOAN; WITHOUT RECOURSE.

---

词条贡献者

双语律师Denise，知名法学院国际私法专业，擅长翻译各类与国际争议解决相关的法律文件。