without recourse

Definition

Related Terms

Without subsequent liability. As a legal term it signifies that a buyer (and not the seller) of an asset, or the holder (and not the drawer) of a negotiable instrument, is assuming the risk of non-performance of the asset or the non-payment of the instrument. See also with recourse.

sans recourse e...

non-recourse

investment proj...

as is

recourse

qualified endor...

forfaiting

leveraged lease

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