n. the right to demand payment to the writer of a check or bill o...

something or someone turned to for assistance or security Bargain hunters and holiday shoppers are bad guys’ favorite targets and have little or no recourse when shoddy or fake merchandise arrives. — [..]

late 14c., from Old French recours (13c.), from Latin recursus "a return, a retreat," literally "a running back, a going back," from stem of past participle of recurrere "run [..]

access to help or protection.

The right to demand payment to the writer of a check or bill of exchange.

act of turning to for assistance; "have recourse to the courts"; "an appeal to his uncle was his last resort" something or someone turned to for ass [..]

n. Resort to or application for help in exigency or trouble.

Definition The option a lender has for recovering losses against the personal assets of a secondary party who is also liable for a debt that is in default.

1 a : the act of turning to someone or something for assistance esp. in obtaining redress b : a means to a desired end esp. in the nature of a remedy or justice ;also : the end itself 2 : the ...

The right of a lender, in the event of default by the borrower, to recover against the personal assets of a party who is secondarily liable for the debt.

Refers to the right, in an agreement, to demand payment from the person who is taking on an obligation. A full recourse loan refers to the right of the lender to take any assets of the borrower if rep [..]

A right claim against the guarantors of a loan or draft or bill of exchange.

A right claim against the guarantors of a loan or draft or bill of exchange.

a provision in a loan that allows the lender to seek compensation from the borrower when the property is in default; (i.e. if Marriott International owns a hotel that cannot pay its debt, Marriott International is obligated to pay the debt themselves); in such a case, the loan terms are often better than a non-recourse loan because there is less ri [..]

Refers to the right, in an agreement, to demand payment from the person who is taking on an obligation. A full recourse loan refers to the right of the lender to take any assets of the borrower if repayment is not made. A limited recourse loan only allows the lender to take assets named in the loan agreement. A non-recourse loan limits the lender&# [..]

  In the event a project cannot service the financing or achieve completion, the financiers have recourse to either cash from the sponsor or other non–project security.

A loan for which the borrower is personally liable for payment if the borrower defaults.

This means that an invoice will be given back to the client by a factoring & invoice discounting specialist (in this case Skipton Business Finance) if the customer fails to pay within an agreed pe [..]

Recourse is when a borrower agrees to pledge their own assets against funding from a bank or other lender in case the borrower is unable to meet the debt obligations. Recourse factoring is when the client will repay or replace an unpaid invoice after 90 days or the time frame set in the factoring agreement.

Retention (Contractors)

The lender’s right to recover funds (including interest where appropriate) from borrowers if they fail to pay.

Recourse is an arrangement in which a bank retains, in form or in substance, any credit risk directly or indirectly associated with an asset it has sold (in accordance with generally accepted accounti [..]

Rights of a holder in due course of a financial instrument (such as a loan) to force the endorser on the instrument to meet his or her legal obligations for making good the payment of the instrument if dishonored by the maker or acceptor.

If a debtor fails to pay an invoice the funder will withdraw any prepayment which has been made against the invoice. The funder will seek to recover this payment from the client, but this is usually d [..]

The right of a lender or holder of a note secured by a mortgage to look to the personal assets of the borrower or endorser for payment should, not just to the property.

The right of a person, bank or Export credit agency to whom a note or other obligation has been endorsed, to demand payment from the endorser of the note, if the original borrower fails to pay.

A right claim against the guarantors of a loan or draft or billof exchange.

In the event that the project (and its associated escrows, sinking funds or cash reserves/stand-by facilities) cannot service the financing or the project completion cannot be achieved, then the lende [..]

A right claim against the guarantors of a loan or draft or bill of exchange.

n. the right to demand payment to the writer of a check or bill of exchange.

In the context of a sale of a loan by a bank to investors, th ese have the right to call the guarantee from the bank should the borrower be unable to meet their obligations.

The rights of a holder in due course of a financial instrument (such as a loan). To force the endorser on the instrument to meet his or her legal obligations for making good the payment of the instrum [..]

The act of seeking assistance or advice. * Sir H. Wotton *: Thus died this great peer, in a time of great recourse unto him and dependence upon him. * Dryden *: Our last recourse is therefore to [..]

Term describing a type of loan. If a loan is with recourse, the lender has a the ability has the ability to fall back to the guarantor of the loan if the borrower fails to pay. For example, Bank A has [..]