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 […]