have recourse to something to be able to use something for help; to be able to fall back on something. You will always have recourse to the money your grandfather left you. You will not have recourse to that money until you are over 21 years of age.

What does have recourse to mean?

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

1. Recourse was then had to protective legislation. ...
2. He had no recourse against them yet. ...
3. 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 without recourse in a sentence?

1. She made a complete recovery without recourse to surgery.
2. They tried to settle the dispute without recourse to the courts.
3. I couldn't tell which direction without recourse to a map.
4. It enabled its members to settle their differences without recourse to war.

What does with or without recourse mean?

A sale that is with recourse means that the seller bears responsibility for the sold asset if it turns out to be defective, and the buyer can seek recourse from the seller. Sales without recourse means that the buyer accepts the risk associated with purchasing an item.

Recourse Loans vs. Non-Recourse Loans in Commercial Real Estate - What You Need To Know

21 related questions found

What are some antonyms for recourse?

antonyms for recourse

• blockage.
• hindrance.
• injury.
• obstruction.
• permanent.
• stop.

What does it mean to have no recourse?

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 personal recourse?

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 a sentence for resource?

Resource sentence example. His astounding energy and resource curbed all his enemies during his lifetime, but they were content to wait patiently for his death, well aware that the collapse of his empire would immediately follow. Your local newspaper can be a resource too.

Who has recourse thee?

Properties of the medal

Rays shoot out from Mary's hands, which she told Catherine, "symbolize the graces I shed upon those who ask for them." Words from the vision form an oval frame around Mary: "O Mary, conceived without sin, pray for us who have recourse to thee."

What does it mean to have recourse against?

n. 1 the act of resorting to a person, course of action, etc., in difficulty or danger (esp. in the phrase have recourse to) 2 a person, organization, or course of action that is turned to for help, protection, etc.

What is a recourse definition?

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. Recourse refers to the lender's legal right to collect.

What are recourse states?

A recourse state is one that allows mortgagers to pursue additional legal action in the event of a mortgage default situation. In addition to the normal foreclosure process associated with a mortgage default, the mortgagor may be able to pursue additional action in order to recover damages from the plaintiff.

What is a recourse basis?

When an invoice is purchased under a recourse arrangement, the client is responsible for repayment of an invoice if an account debtor does not pay for the invoice.

Is California a recourse state?

What Is a Non-Recourse Loan? ... Home mortgages—though generally recourse—are non-recourse in 12 states: Alaska, Arizona, California, Connecticut, Idaho, Minnesota, North Carolina, North Dakota, Oregon, Texas, Utah and Washington.

What is my recourse meaning?

access or resort to a person or thing for help or protection: to have recourse to the courts for justice. a person or thing resorted to for help or protection.

What is the meaning of retributive?

1 : recompense, reward. 2 : the dispensing or receiving of reward or punishment especially in the hereafter. 3 : something given or exacted in recompense especially : punishment.

What is recourse in the secondary market?

The term recourse loan refers to a type of loan that can help a lender recoup its investment if a borrower fails to pay and the value of the underlying asset is not enough to cover it.

Which is the closest antonym for the word penalties?

antonyms for penalties

• award.
• reward.
• advantage.
• benefit.
• gain.
• forgiveness.
• pardon.

What is the same meaning of perception?

awareness, consciousness, knowledge, acknowledgement, grasp, understanding, comprehension, interpretation, apprehension. impression, sense, sensation, feeling, observation, picture, notion, thought, belief, conception, idea, judgement, estimation.

What is a synonym for ultimatum?

In this page you can discover 11 synonyms, antonyms, idiomatic expressions, and related words for ultimatum, like: final offer, demand, offer, term, order, requirement, edict, terms, threat, open-letter and envoy.

What does full-recourse mean?

Full-recourse debt is a type of secured debt that gives the lender rights to assets—beyond just the secured collateral specified in the loan contract—to cover the full repayment of the borrower's loan obligations if they default on the loan.

Which factoring could be with or without recourse?

Full-Recourse factoring means that the vendor, not the factor, bears the risk if the retailer does not pay the invoice. Non-Recourse factoring means that the factor, not the vendor, absorbs the credit risk.