Non Recourse - Law Dictionary Search Results
non-recourse
non-recourse : of, relating to, or being a debt whose satisfaction
non-recourse note
non-recourse note see note
recourse
a negotiable instrument see also recourse note at note compare non-recourse NOTE: Under Article 3 of the Uniform Commercial Code, the
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note
a note for an obligation secured by a collateral note non-recourse note : a note whose satisfaction upon default may be
Noting
promissory note or bill of exchange has been dishonoured by non-acceptance or non-payment, the holder may cause such dishonour to be … parts: (1) demanding, (2) noting, (3) protesting. To preserve the recourse against the drawer or indorser of an inland bill it
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