without recourse

without recourse. (In an indorsement) without liability to subsequent holders. • With this stipulation, one who indorses an instrument indicates that he or she has no further liability to any subsequent holder for payment. — Also termed sans recours. [Cases: Bills and Notes 293. C.J.S. Bills and Notes; Letters of Credit§ 160.]

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词条贡献者

译者Lisa，毕业于美国顶尖的高级翻译学院，擅长翻译涉及体育及娱乐业领域的法律文件。