Recourse Definition and Legal Meaning

On this page, you'll find the legal definition and meaning of Recourse, written in plain English, along with examples of how it is used.

What is Recourse?

(n) Recourse is the option, remedy or right a person holding a cheque, bill of exchange, Demand note, promissory note or other financial instruments have on the issuer of such instruments, to demand payment against such documents