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recourse


recourse 1.追索权;2.追索补偿 

1.loan agreements:legal right of a lender to seek repayment of the loan from the borrower’s(and/or the guarantor’s)unpledged personal property,in addition to the property pledged to the lender as collateral.2.negotiable instrument:legal right of the holder to demand and require payment from the drawer,maker,or endorser if the instrument(such as a check,draft,promissory note)is dishonored.See also with recourse and without recourse.

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