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recourse
(redirected from With Full Recourse)

   Also found in: Dictionary/thesaurus, Legal, Financial 0.01 sec.
recourse
1. the right to demand payment, esp from the drawer or endorser of a bill of exchange or other negotiable instrument when the person accepting it fails to pay
2. without recourse a qualified endorsement on such a negotiable instrument, by which the endorser protects himself from liability to subsequent holders


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The remaining $225 million was paid in full, today, March 5, 2007, by borrowing under a new Receivables Financing Agreement entered into by Palisades XVI with a major financial institution as the funding source, and consists of debt with full recourse only to Palisades XVI, bearing an interest rate of approximately 170 basis points over LIBOR.
The advance is with full recourse to the issuing bank and to the importer.
Cinergy's $500 million equity contribution to the partnership will be funded with bank debt with full recourse to Cinergy.
 
 
 
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