Recourse

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

• Acquirer
• Bill of exchange
• Factoring
• Forfaiting
• Limited recourse
• Non-recourse
• Project finance
• Recourse finance
• Payments and payment systems