Without recourse

Updated: Aug 20, 2021

These words added to a bill of exchange indicate that the holder has no recourse to the person from whom he took the bill should it not be paid. It is often written as ‘sans recours’, and may appear after an endorsement.

Reference: The Penguin Business Dictionary, 3rd edt.

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James Knight
Editor of Education
James is a lead content editor for Invezz. He's an avid trader and golfer, who spends an inordinate amount of time watching Leicester City and the… read more.