NO RECOURSE

no recourse. 1. The lack of means by which to obtain reimbursement from, or a judgment against, a person or entity <the bank had no recourse against the individual executive for collection of the corporation’s debts>.2. A notation indicating that such means are lacking <the bill was indorsed “no recourse”>. See nonrecourse loan under LOAN; WITHOUT RECOURSE.

[Blacks Law 8th]