without recourse
- A term used to denote that a person who signs a negotiable document, such as a check or a promissory note, is not liable if it is not paid or delivered
- The bank handled the check on a without recourse basis, making the endorser free from any obligation.
- The businessman signed the note without recourse, safeguarding himself from the risk of nonpayment.
- Without recourse endorsement can protect the endorser from unforeseen financial liabilities.
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