Recourse: Difference between revisions
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imported>Doug Williamson m (Added more general definition along lines of Oxford English Dictionary 5/2/14) |
imported>Doug Williamson (Layout.) |
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'' | 1. ''Law''. | ||
A right of redress should a bill of exchange or other debt be dishonoured at its maturity. | A right of redress should a bill of exchange or other debt be dishonoured at its maturity. | ||
For example, a claim against an earlier holder of the bill. | For example, a claim against an earlier holder of the bill. | ||
2. | 2. | ||
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* [[Factoring]] | * [[Factoring]] | ||
* [[Forfaiting]] | * [[Forfaiting]] | ||
* [[Limited recourse]] | |||
* [[Non-recourse]] | * [[Non-recourse]] | ||
* [[Project finance]] | * [[Project finance]] | ||
* [[Recourse finance]] | * [[Recourse finance]] | ||
* [[Payments and payment systems]] | |||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:The_business_context]] | |||
[[Category:Corporate_finance]] | |||
[[Category:Identify_and_assess_risks]] | |||
[[Category:Manage_risks]] | |||
[[Category:Financial_products_and_markets]] | |||
[[Category:Trade_finance]] | |||
Latest revision as of 13:27, 26 February 2021
1. Law.
A right of redress should a bill of exchange or other debt be dishonoured at its maturity.
For example, a claim against an earlier holder of the bill.
2.
More generally, seeking assistance or help from a third person or entity.
