Do you know the definition of recourse? This article will provide you with all of the information you need on the word recourse, including its definition, usage, examples, and more!
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According to Collins English Dictionary and the American Heritage Unabridged Dictionary of the English Language, the word recourse is a noun that means some search for aid or safety, as well as referring to the said aid or safety one is searching for. In law and business, this refers to the right to demand payment from the maker or endorser of a negotiable instrument, such as a qualified endorsement or endorser of a bill of exchange made by debtors. According to Investopedia, recourse is a legal agreement that gives the lender the right to pledged collateral if the borrower is unable to satisfy the debt obligation of the borrower’s assets and refers to the lender’s legal right to collect or words sometimes added to the indorsement of a negotiable instrument to protect the indorser from liability to the indorsee and subsequent holders. Recourse lending provides a type of protection to lenders, since they are assured of having some repayment, either in cash or liquid assets for full recourse. Archaically, recourse meant to preventeth sickness in the healthy via surgery or a preventive psychic, or the recourse thereof in the valetudinary.. Recourse is two syllables – re-course, and the pronunciation of recourse is rɪˈkɔːs.
Different languages also contain words that mean recourse. You might notice that some of these words look and sound similar to one another. These are called cognates, which are when two words that mean something similar and different languages also look and sound similar. Cognates are formed when two words have the same root or language of origin. This list of translations of recourse is provided by Word Sense.
According to Etymonline, the word recourse has been used since the Middle English recours and comes from the Middle French recours, Old French recours and Late Latin recursus, from the Latin currere, the past participle of recurrere. These stems also created the related words recur, recurrence and recurring, referring to a course of action that repeats. This word is of Indo-European roots.
What are synonyms and antonyms of recourse?
There are many equivalent words that a person can use in place of the word recourse. These are called synonyms, which are words and phrases that have the same meaning as another word or phrase. Learning synonyms is a great way to expand your vocabulary and avoid repeating yourself. This list of synonyms for the word recourse is provided by Power Thesaurus.
There are also many words and phrases that mean the opposite of the word recourse. These opposite words are called antonyms, which are another quick and easy way to expand your English language vocabulary. This list of antonyms of recourse is also provided by Power Thesaurus.
affliction
difficulty
debit
damage
albatross
contretemps
curse
drawback
blemish
drag
block
avoid
check
disutility
disfavour
disbenefit
hindrance
curb
deadweight
disable
appropriate response
disfavor
blockage
distress
burden
cross
chain
disapproval
defect
baggage
blow
barrier
downside
bad fortune
disadvantage
deterrence
discouragement
delay
injury
clog
bad luck
deflect
constraint
bar
debt
deterrent
ball and chain
complication
deficiency
disorder
Overall, the word recourse means a source of help in a difficult situation. It can also refer to the right of a creditor to demand payment from an endorser or guarantor when the primary debtor fails to pay, or the liability of the endorser to demand payment from the endorser or drawer of a negotiable instrument. A recourse note can occur under various conditions of the use of a person, as opposed to non-recourse debt. Try making flashcards to memorize this word’s definition.
Kevin Miller is a growth marketer with an extensive background in Search Engine Optimization, paid acquisition and email marketing. He is also an online editor and writer based out of Los Angeles, CA. He studied at Georgetown University, worked at Google and became infatuated with English Grammar and for years has been diving into the language, demystifying the do's and don'ts for all who share the same passion! He can be found online here.