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
child benefit

money received regularly by families from the government to help pay for the costs of taking care of children

Word of the Day

Are you a glass-half-full person? (Everyday Idioms)
Are you a glass-half-full person? (Everyday Idioms)
by Kate Woodford,
July 29, 2015
A reader of this blog recently asked for a post on idioms that are used in everyday English. This seemed like a reasonable request. After all, if you are going to make the effort to learn a set of English idioms, you want those idioms to be useful. The question, then, was

Read More 

responsible luxury noun
responsible luxury noun
August 03, 2015
high-end, green tourism and hospitality Jumeirah’s ‘responsible luxury’ approach is an example of a sustainable travel experience – future guests will enjoy the environment as much as today’s.

Read More