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 the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.