recourse Meaning in Cambridge Business English Dictionary
Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

Meaning of "recourse" - Business English Dictionary

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
truth

the quality of being true

Word of the Day

July 4th, Bastille Day, and the language of revolution.
July 4th, Bastille Day, and the language of revolution.
by Liz Walter,
July 01, 2015
With America’s Independence Day on the 4th and France’s Bastille Day on the 14th, July certainly has a revolutionary theme, so this blog looks at words and phrases we use to talk about the dramatic and nation-changing events that these days celebrate. In particular, it focuses on one of the most important

Read More 

burger noun
burger noun
June 29, 2015
a menu on a computer screen comprising three short parallel horizontal lines which the user clicks to see options Definitely use a burger. You could put the settings in the burger menu too. Fix the settings to the bottom of the burger menu and use a vertically scrolling contact list that scrolls behind

Read More