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.

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词条贡献者

译者Kelly，美国顶尖商学院国际经济法专业，擅长翻译各种与投资基金与基金顾问诉讼相关的法律文件。