recourse

recourse
A seeking of aid or assistance. Resort to a person for satisfaction of a demand. In ordinary legal and commercial usage, resort by creditor or obligee to a surety, guarantor, or indorser for payment, after the default of the principal debtor or person under primary liability. Industrial Bank & Trust Co. v Hesselberg (Mo) 195 SW2d 470. See without recourse.

Ballentine's law dictionary. . 1998.

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  • recourse — re·course / rē ˌkōrs, ri kōrs/ n 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 right or ability to… …   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

  • recourse — [rē′kôrs΄, ri kôrs′] n. [ME recours < OFr < L recursus, a running back: see RE & COURSE] 1. a turning or seeking for aid, safety, etc. [to have recourse to the law] 2. that to which one turns seeking aid, safety, etc. [one s last recourse]… …   English World dictionary

  • recourse — ► NOUN 1) a source of help in a difficult situation. 2) (recourse to) the use of (someone or something) as a recourse. ORIGIN Latin recursus, from cursus course, running …   English terms dictionary

  • Recourse — Re*course , v. i. 1. To return; to recur. [Obs.] [1913 Webster] The flame departing and recoursing. Foxe. [1913 Webster] 2. To have recourse; to resort. [Obs.] Bp. Hacket. [1913 Webster] …   The Collaborative International Dictionary of English

  • recourse — (n.) late 14c., from O.Fr. recours (13c.), from L. recursus return, retreat, lit. a running back, from stem of pp. of recurrere run back, return (see RECUR (Cf. recur)) …   Etymology dictionary

  • recourse — [n] alternative aid, appeal, choice, expediency, expedient, help, makeshift, option, refuge, remedy, resort, resource, shift, stand by, stopgap, substitute, support, way out; concepts 693,712 …   New thesaurus

  • recourse — Recourse, Recursus …   Thresor de la langue françoyse

  • Recourse — Term describing a type of loan. If a loan is with recourse, the lender has a general claim against the parent company if the collateral is insufficient to repay the debt. The New York Times Financial Glossary * * * recourse re‧course [rɪˈkɔːs ǁ… …   Financial and business terms

  • recourse — The right to seek repayment of debt. Usually used to describe the right to seek repayment from an originator or prior endorser who sold or assigned debt to another party. American Banker Glossary Term describing a type of loan. If a loan is with… …   Financial and business terms

  • recourse — noun (formal) ADJECTIVE ▪ constant, frequent ▪ limited (esp. BrE), little ▪ Drivers have little recourse but to wait until the weather clears. ▪ no other …   Collocations dictionary

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