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Diese Website benutzt Cookies. Under financing with recourse, in the event that the lender cannot collect on its payment from the party ultimately responsible for payment of the financial obligation, the lender can go back to the borrower to seek payment on the amount due. For example, if a bank finances an exporter by providing immediate payment, but is unable to collect the money owed on the due date from the importer, the bank can go back to the exporter to claim its due. What does 'Without Recourse' mean, without recourse is a phrase that has several meanings.
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of non-payment of the financial instrument, such as a check, promissory note, or any financial instrument that could result in a liability. Without Recourse in Secondary Market for Loans. A sales agreement entered into by a buyer and seller spells out the rights and responsibilities of both parties by indicating whether the sale is with or without recourse. A signed check that is endorsed with the words without recourse releases the endorser from any liability should the check bounce due to insufficient funds. For example, say Alice makes out a check to Bob.