RECOURSE
recourse (ree-kors or ri-kors).1. The act of seeking help or advice. 2. Enforcement of, or a
method for enforcing, a right. 3. The right of a holder of a negotiable instrument to demand
payment from the drawer or indorser if the instrument is dishonored. See WITH RECOURSE;
WITHOUT RECOURSE. 4. The right to repayment of a loan from the borrower’s personal assets,
not just from the collateral that secured the loan. [Blacks Law 8th]