- indorsement without recourse
- See without recourse.
Ballentine's law dictionary. Anderson, W.S.. 1998.
indorsement without recourse
Look at other dictionaries:
Without recourse — Recourse Re*course (r?*k?rs ), n. [F. recours, L. recursus a running back, return, fr. recurrere, recursum, to run back. See {Recur}.] 1. A coursing back, or coursing again, along the line of a previous coursing; renewed course; return; retreat;… … The Collaborative International Dictionary of English
without recourse — Words that may be used by a drawer in signing a draft or check so as to eliminate completely the drawer s secondary liability. This phrase, used in making a qualified indorsement of a negotiable instrument, signifies that the indorser means to… … Black's law dictionary
without recourse — A form of qualified indorsement, exonerating the indorser from liability as such. Bank of St. Albans v Gilliland (NY) 23 Wend 311. Words used or directly implied by an assignor to negative any guaranty of the assigned obligation. 6 Am J2d Assign… … Ballentine's law dictionary
indorsement — I noun acceptance, accord, acquiescence, adfirmatio, affirmance, agreement, approbation, approval, assent, authorization, backing, certification, championship, compliance, comprobatio, concurrence, confirmatio, confirmation, consent,… … Law dictionary
indorsement sans recours — Indorsement without recourse. See without recourse … Ballentine's law dictionary
Recourse — Re*course (r?*k?rs ), n. [F. recours, L. recursus a running back, return, fr. recurrere, recursum, to run back. See {Recur}.] 1. A coursing back, or coursing again, along the line of a previous coursing; renewed course; return; retreat; recurence … The Collaborative International Dictionary of English
indorsement — /andorsmant/ The act of a payee, drawee, accommodation indorser, or holder of a bill, note, check, or other negotiable instrument, in writing his name upon the back of the same, with or without further or qualifying words, whereby the property in … Black's law dictionary
indorsement — /andorsmant/ The act of a payee, drawee, accommodation indorser, or holder of a bill, note, check, or other negotiable instrument, in writing his name upon the back of the same, with or without further or qualifying words, whereby the property in … Black's law dictionary
indorsement — Literally, as derived from the Latin indorsa, a writing on the back; employed in common as well as legal usage to designate the transaction whereby the holder of a bill or note transfers his right to such instrument to another person and incurs… … Ballentine's law dictionary
conditional indorsement — An indorsement of a negotiable instrument to which there is added to the signature of the indorser the words without recourse, or words of similar import. Uniform Negotiable Instruments Law § 38; Anno: 91 ALR 399; 11 Am J2d B & N § 363 … Ballentine's law dictionary
