with recourse
Definition
With subsequent liability. As a legal term it signifies that a seller (and not the buyer) of an asset, or the drawer (and not the holder) of a negotiable instrument, is assuming the risk of non-performance of the asset or the non-payment of the instrument. Written also as with full recourse. See also without recourse.
with recourse is in the Banking, Commerce & Finance and Corporate, Commercial, & General Law subjects.
with recourse appears in the definitions of the following terms: non-recourse, with full recourse, notes receivable discounted, recourse and without recourse
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