Sans Recours

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Definitions
Sans Recours / Without Recourse
Sans Recours Without Recourse Liability Finance Accounting Selling Assets Risk Management
A detailed explanation and examples concerning the term 'Sans Recours' or 'Without Recourse', often used in the world of finance and accounting to limit the liability of the seller.
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Definitions
Without Recourse
Without Recourse Sans Recours Bill of Exchange Financial Instrument Dishonour of Bill Recourse Endorsement Drawer
A phrase indicating that the holder of a bill of exchange cannot seek payment from the original payee if the bill is not honored.
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