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LSDefine

Simple English definitions for legal terms

no recourse

Read a random definition: efforcialiter

A quick definition of no recourse:

Term: NO RECOURSE

Definition: No recourse means that there is no way to get money back from someone or a company or to make them pay for something they owe. It's like having no options or no power to make them do what they should do. Sometimes, a bill or loan may have a note that says "no recourse" which means that the person or company who gave the loan or bill cannot try to get their money back from the person who received it.

A more thorough explanation:

Definition: No recourse means that there is no way to get reimbursement or a judgment against a person or entity. It can also be indicated by a notation on a bill or loan.

Example 1: The bank had no recourse against the individual executive for collection of the corporation's debts.

Example 2: The bill was indorsed "no recourse".

These examples illustrate that when there is no recourse, there is no way to get money back or hold someone accountable for a debt or obligation. This can be a problem for banks or lenders who may not be able to collect on a loan or debt if there is no recourse. It is important to understand the terms of any agreement or contract to know if there is recourse or not.

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2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
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