Trading Terms

Recourse

A bill of exchange entitles the holder to demand payment from someone other than the initial acceptor, known as the right of recourse. This can be done through endorsement, which may or may not hold the endorser liable. A holder can endorse a bill without recourse, relieving themselves of any liability to subsequent holders.

Related terms

Recursive

Understand the meaning and definition of Recursive in the context of stock market, trading, and investments.

MORE
Factoring

Understand the meaning and definition of Factoring in the context of stock market, trading, and investments.

MORE
Adaptive Filter

Understand the meaning and definition of Adaptive Filter in the context of stock market, trading, and investments.

MORE
Phasor

Understand the meaning and definition of Phasor in the context of stock market, trading, and investments.

MORE
Qualified acceptance

Understand the meaning and definition of Qualified acceptance in the context of stock market, trading, and investments.

MORE
Warrant

Understand the meaning and definition of Warrant in the context of stock market, trading, and investments.

MORE
Open Free Demat Account!

Join our 3.5 Cr+ happy customers

+91
Explore other categories
Enjoy Zero Brokerage on Equity Delivery
4.4 Cr+DOWNLOADS
Enjoy Zero Brokerage On Stock Investments

Get the link to download the App

Scan this QR code to download the app
Get it on Google PlayDownload on the App Store
Open Free Demat Account!
Join our 3.5 Cr+ happy customers
+91