Without Recourse

Without Recourse
This phrase indicates that the lender does not have the right to seize assets or demand payment from any entity apart from the one/ones mentioned in the existing debt agreement in the case of non-payment.

Random Finance Terms for the Letter W

Related posts:

  1. Working Capital Turnover
  2. Working Capital Management
  3. Working Capital
  4. Withdrawal Plan
  5. Woody

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