What Does It Mean To Have Recourse To Something?

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What does it mean to have recourse to something?

1a : a turning to someone or something for help or protection settled the matter without recourse to law. b : a source of help or strength : resort had no recourse left. 2 : the right to demand payment from the maker or endorser of a negotiable instrument (such as a check)

How do you use recourse in a sentence?

Recourse sentence example. Recourse was then had to protective legislation. He had no recourse against them yet. For the first time in his life Charles was now obliged to have recourse to diplomacy; and his pen proved almost as formidable as his sword.

How do you use no recourse in a sentence?

I have no other recourse than to inform the police. 2. We may conclude that he never had recourse to this simple experiment. 3.

What does it mean to have no recourse?

Primary tabs. A phrase meaning that one party has no legal claim against another party. It is often used in two contexts: 1. In litigation, someone without recourse against another party cannot sue that party, or at least cannot obtain adequate relief even if a lawsuit moves forward.

What is the best synonyms for recourse?

recourse

  • makeshift.
  • expedient.
  • aid.
  • appeal.
  • refuge.
  • option.
  • way out.
  • stand-by.

What is your recourse?

A recourse is a legal agreement that gives the lender the right to pledged collateral if the borrower is unable to satisfy the debt obligation.

What are recourse loans?

A recourse debt holds the borrower personally liable. … In general, recourse debt (loans) allows lenders to collect what is owed for the debt even after they’ve taken collateral (home, credit cards). Lenders have the right to garnish wages or levy accounts in order to collect what is owed.

What does recourse mean in law?

A legal recourse is an action that can be taken by an individual or a corporation to attempt to remedy a legal difficulty. A lawsuit if the issue is a matter of civil law. Contracts that require mediation or arbitration before a dispute can go to court.

What is right to recourse?

A recourse claim by the underwriter having paid the assured against the insured can therefore according to the Federal High Court only be prevented if there is agreed a waiver of recourse in favour of the insured. … The insured can be co-insured for its own interest in the subject-matter insured.

What profanity means?

Profanity is a type of language that includes dirty words and ideas. Swear words, obscene gestures, and naughty jokes are all considered profanity. … They’re profanity: language that’s vulgar and obscene.

What is the means of resources?

a source of supply, support, or aid, especially one that can be readily drawn upon when needed. resources, the collective wealth of a country or its means of producing wealth. Usually resources. money, or any property that can be converted into money; assets.

What part of speech is recourse?

RECOURSE (noun) definition and synonyms | Macmillan Dictionary.

What does resort to mean?

: to do or use (something) especially because no other choices are possible He had to resort to asking his parents for money.

What is the impact of sans recourse endorsement?

Definition of Sans Recourse Endorsement

A clause inserted into an agreement which indicates that the endorser does not wish to incur liability if the document of title is not honored. It is essentially saying that the other party is entering into agreement at his or her own risk.

Are recourse loans bad?

Recourse loans pose less risk to lenders, so they usually have lower interest rates and are more widely available. … However, in the case of default, the lender only can seize the collateral specified in the loan documents and cannot go after the borrower’s other assets.

How do I know if my loan is recourse or nonrecourse?

How do I know if I have an existing recourse loan or nonrecourse loan? In most cases your original note and mortgage should indicate if the loan is recourse or nonrecourse, however, you can ask your lender to confirm the type of debt.

Do you have to pay back a non-recourse loan?

Understanding Nonrecourse Debt

If the collateral doesn’t cover the amount of debt, the lender cannot seize any other property or money from you. Nonrecourse doesn’t get you off the hook for paying back your debts. As a borrower, you’re responsible for paying back your loan.

What is a recourse rate?

Recourse Rate means the applicable maximum Tariff rate that would apply to a service but for the rate flexibility allowed under the Discounted and Negotiated Rate provisions of the GTC of this Tariff.

What is direct recourse?

Direct Recourse institute suit directly against the Company to collect any Obligations without first foreclosing on or liquidating any Pledged Collateral; Sample 1.

What is a recourse party?

Rights of recourse is when one party enforces another party to accept its legal liabilities and responsibilities in a contract or something similar. It is the right to have recourse to the responsible party.

What is the opposite of recourse?

recourse. Antonyms: avoidance, independence, omission, abstinence, dispensation, disuse. Synonyms: reference, aid, application, betaking, refuge.

What is the synonym of resort?

Frequently Asked Questions About resort

Some common synonyms of resort are expedient, makeshift, resource, shift, and stopgap. While all these words mean “something one turns to in the absence of the usual means or source of supply,” resource and resort apply to anything one falls back upon.

What is a antonym for recur?

verb. ( rɪˈkɝː, riːˈkɝː) Happen or occur again.

Antonyms. dematerialize dematerialise disappear walk appear keep down stay in place. occur cycle iterate happen pass off.

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