Recourse

recourse 1 a : the act of turning to someone or something for assistance esp. in obtaining redress b : a means to a desired end esp. in the nature of a remedy or justice ;also : the end itself 2 : the right or ability to demand payment or compensation ;specif : the right to demand payment from the endorser or drawer of a negotiable instrument see also recourse note at note compare non-recourse NOTE: Under Article 3 of the Uniform Commercial Code, the phrase without recourse on a negotiable instrument limits the liability of the endorser or drawer. If an endorsement states that it is made without recourse, the endorser is not liable to pay, subject to various conditions, if the instrument is dishonored. Similarly, if a draft states that it is drawn without recourse, the drawer is not liable to pay, subject to various conditions, if the draft is dishonored, provided that it is not a check. ...

non-recourse

non-recourse : of, relating to, or being a debt whose satisfaction may be obtained on default only out of the particular collateral given and not out of the debtor's other assets [a mortgage] [a creditor] compare recourse ...

non-recourse note

non-recourse note see note ...

recourse note

recourse note see note ...

Without recourse to me

Without recourse to me [sans recours], a phrase used by an indorser of a bill or note, which protects him from liability, Byles on Bills. See SANS RECOURS....

note

note 1 a : a written promise to pay a debt ;specif : promissory note in this entry bank note : a promissory note issued by a bank payable to bearer on demand but without interest and circulating as money cog·no·vit note [kÄ g-nō-vit-, kōg-] : a note in which the maker acknowledges the debt and authorizes the entry of judgment against him or her without notice or a hearing : a note containing a confession of judgment collateral note : a note secured esp. by a collateral mortgage and pledged to secure an obligation of which a hand note usually serves as evidence demand note : a note payable on demand compare time note in this entry floating rate note : a negotiable note that yields an indexed and periodically adjusted variable rate of interest called also floater hand note : a note for an obligation secured by a collateral note non-recourse note : a note whose satisfaction upon default may be obtained only out of the collateral securing it promisso...

Restaur

Restaur, means the recourse that insurers (especially marine underwriters) have against each other according to the date of their insurance; the recourse that one has against a guarantor or other person under a duty to indemnify Black's Law Dictionary, 7th Edn., p. 1315....

Register

Register [fr. giter, Fr., to lodge], a public books serving to enter and record memoirs, Acts, and minutes, to be had recourse to for the establishing matters of fact; as the register of companies under the (English) Companies Act, 1929; of bills of sale under the (English) Bills of Sale Acts, 1878 and 1882; and (English) Administration of Justice Act, 1925, s. 23; of births, deaths, and marriages, and of baptisms; and of parliamentary, municipal, county, district, and parochial electors.Means the register of patents referred to in s. 67. [The Patents Act, 1970, s. 2(x)]...

Nuisance

Nuisance [fr. nuire, Fr., to hurt], something noxious of offensive. Any unauthorised act which, without direct physical interference, materially impairs the use and enjoyment by another of his property, or prejudicially affects his health, comfort, or convenience, is a nuisance.Nuisance may be distinguished from negligence in that nuisance is an act or omission causing injury, the injury itself giving rise to an action for damages, while a person suffering from damage due to negligence must prove that the damage was caused by some want of care, according to its degree which was required in the particular circumstances of the case. Actions against persons or public undertakings for damage under statutory powers are generally founded on negligence. Where the actual method of exercising the power creating a nuisance is indicated by the statute negligence in the authorised method may be actionable. The onus appears to be on a defendant pleading that the nuisance was inevitable and compulso...

Ordinis beneficium

Ordinis beneficium, means 'the benefit of order' means the privilege of a surety by which the creditor must exhaust the principal debtor's property before having recourse against the surety, Black's Law Dictionary, 7th Edn., p. 1126....

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