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 of a loan from the borrower’s personal assets, not just from the collateral that secured the loan.

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词条贡献者

译员William，毕业于欧洲顶尖的高级翻译学院，专注翻译各种与区块链技术与数字货币有关的法律文件。