Recourse

From ACT Wiki
Revision as of 14:25, 5 February 2014 by imported>Doug Williamson (Added more general definition along lines of Oxford English Dictionary 5/2/14)
Jump to navigationJump to search

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.


See also