without recourse

Definition of "without recourse"
  1. 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
How to use "without recourse" in a sentence
  1. The bank handled the check on a without recourse basis, making the endorser free from any obligation.
  2. The businessman signed the note without recourse, safeguarding himself from the risk of nonpayment.
  3. Without recourse endorsement can protect the endorser from unforeseen financial liabilities.

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