NO RECOURSE

no recourse

no recourse 无追索权 1指缺乏对个人及法律实体进行追索〔reimbursement〕的方法,或不能获得追索的判决。例如,债权人对于公司所负的债务,不能向公司的董事进行追索。2指一种记载,表示缺乏追索权。例如,在汇票背书时记载「无追索权」字样。

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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

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