Recourse: Difference between revisions
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imported>Doug Williamson m (Extra spacing added 5/02/14) |
imported>Doug Williamson m (Added more general definition along lines of Oxford English Dictionary 5/2/14) |
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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. | |||
More generally, seeking assistance or help from a third person or entity. | |||
Revision as of 14:25, 5 February 2014
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.
