WITHOUT RECOURSE
without recourse. (In an indorsement) without liability to subsequent holders. ? With this stipulation, one who indorses an instrument indicates that he or she has no further liability to any subsequent holder for payment. ¡ª Also termed sans recours. [Cases: Bills and Notes 293. C.J.S. Bills and Notes; Letters of Credit¡ì 160.]
How many interpretations of the term WITHOUT RECOURSE are there in Chinese?
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