Without
Smith's Financial Dictionary · 1903 · p. 545
recourse. The words “Without recourse to” before an indorsement on the back of a promi ory note or bill of exchange (draft) absolve the person so signing from any legal proce by the holder in case payment at maturity is not made. In other words, the indorser is a mere a ignor of the title to the paper and is relieved from responsibility for its payment.
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