with partial recourse

  

Definition

Legal term signifying that the seller of an asset is assuming the liability of reimbursing the buyer an agreed-upon portion of loss resulting from the non-performance of the asset.

Related Videos




http://www.businessdictionary.com/definition/with-partial-recourse.html

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z