TERMIUM Plus^®

Record 1,  Textual support,  English

Record number: 1, Textual support number: 1 DEF

[An expression indicating] that a previous party has no responsibility to a previous transaction.  4, record 1, English, - without%20our%20liability

Record number: 1, Textual support number: 1 CONT

A bank will have no recourse to a customer if it is collecting a cheque for itself and not for the customer.  4, record 1, English, - without%20our%20liability

Record 1,  Textual support,  French

Record 1,  Textual support,  Spanish

Record 2,  Textual support,  English

Record number: 2, Textual support number: 1 CONT

A Specific Transaction Guarantee is provided to a bank as security to permit the purchase of notes from an exporter, on a "without recourse" basis. This provides the exporter with cash instead of an account receivable.  2, record 2, English, - without%20recourse

Record 2,  Textual support,  French

Record number: 2, Textual support number: 1 CONT

Une garantie-opération individuelle est délivrée à une banque pour lui permettre d'acheter «sans recours» les billets d'un exportateur. L'exportateur dispose alors d'argent comptant au lieu de comptes débiteurs.  2, record 2, French, - sans%20recours

Record 2,  Textual support,  Spanish

Record number: 2, Textual support number: 1 DEF

De acuerdo con los Usos y Reglas Uniformes relativos a los créditos documentarios, cuando en un crédito documentario utilizable por negociación el banco negociador, lo confirma, todo efecto descontado se entiende hecho sin recurso contra el librador, es decir, el banco aunque resulte impagado el efecto no podrá utilizar la línea regresiva, toda vez que el pago se considera hecho de forma irrevocable.  2, record 2, Spanish, - sin%20recurso