Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “recourse”

See all translations

recourse

noun
 
 
/rɪˈkɔːs/ US   /ˈrikɔːs/
[U or S] help, usually in the form of an official system or process, for someone in a difficult situation: a recourse for sb The Ombudsman is a recourse for homeowners who feel let down by their estate agent. At present, older workers have no legal recourse if they think they have suffered age discrimination.have recourse to sth Not everyone has recourse to expensive professional advice.sb's (only) recourse is to do sth Their only recourse is to file for an appeal before an administrative law judge.without/with no recourse to We should be able to resolve these types of disputes without recourse to a public inquiry.provide/seek recourse The Patients' Bill of Rights provides recourse for patients wishing to sue for damages.
[U] FINANCE, LAW the legal right of a lender to take assets belonging to the borrower in addition to the asset used to guarantee the loan, if the loan is not repaid: In a loan sale, a bank makes a loan and then sells the loan, without recourse, to a third party. a recourse agreement/loan/debt →  Compare non-recourse
[U] FINANCE, LAW the legal right to demand payment from someone who has signed a cheque or bill of exchange if the money is not paid on the agreed date: The holder of the bill of exchange uses his or her right of recourse and submits the bill of exchange to someone connected with it.
(Definition of recourse from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of recourse?
Add Cambridge dictionaries to your browser to your website

More Business English definitions for “recourse”

Definitions of “recourse” in other dictionaries

Word of the Day

christmassy

typical of Christmas, or happy because it is Christmas

Word of the Day

Cleavage proves divisive in Cambridge’s words of 2014

by Alastair Horne,
December 19, 2014
​​​​ Other dictionaries may choose faddish novelties as their words of the year, but here at Cambridge, we like to do something different. We look for the words that have seen sudden surges in searches over the course of the year – words that have been baffling users of English and driven them

Read More 

tweleb noun

December 22, 2014
informal a Twitter celebrity; (more specifically, someone who has more than 1,000 followers on Twitter) There were a few old and a few new faces, including a tweleb or two. Expect to see and hear more from these cool kids.

Read More