If you sell something on a non-recourse basis, then the new owner truly owns it.
From the forbes.com
The other is the lack of recourse when it comes to intellectual-property issues.
From the businessweek.com
When the closer loses the game in the bottom of the ninth, there is no recourse.
From the stltoday.com
Birth attendants are often the only recourse for pregnant women in rural Uganda.
From the guardian.co.uk
However, farm owners Daniel and Simon Levy have little legal recourse, she said.
From the timesunion.com
The Egypt limited recourse debt facilities bear interest at LIBOR plus a spread.
From the foxbusiness.com
They let a defendant ask for a speedy trial but provide no deadline or recourse.
From the stltoday.com
If the insurance companies won't cover the faulty roof, what recourse do I have?
From the dailyherald.com
And then what recourse to such people have after begin assaulted in this manner?
From the economist.com
More examples
Act of turning to for assistance; "have recourse to the courts"; "an appeal to his uncle was his last resort"
Something or someone turned to for assistance or security; "his only recourse was the police"; "took refuge in lying"
Teacher Support Network consists of a group of independent charities and a social enterprise in the United Kingdom and the United States. ...
The act of seeking assistance or advice
Ability of lender to make claims against borrower personally in addition to the collateral.
A loan for which the borrower is personally liable for payment is the borrower defaults.
The right of the holder of a note secured by a mortgage or deed of trust to claim money from the borrower in default in addition to the property pledged as a collateral.
The right to claim a refund from another party which has handled a bill at an earlier stage.
In this type of factoring, the risk of customer non-payment remains with the client. If the client's customer is financially unable to pay the money due under the invoice, the factor has recourse against the client for that money. The factor is protected against customer non-payment.