Skip to main content
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

Front-Loaded

Understand the meaning and definition of Front-Loaded in the context of stock market, trading, and investments.

MORE
Stop Loss Order

Understand the meaning and definition of Stop Loss Order in the context of stock market, trading, and investments.

MORE
Diversified Equity Funds

Understand the meaning and definition of Diversified Equity Funds in the context of stock market, trading, and investments.

MORE
Limit Up, Limit Down

Understand the meaning and definition of Limit Up, Limit Down in the context of stock market, trading, and investments.

MORE
Analysis of Variance

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

MORE
Margin Trading

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

MORE

Open Free Demat Account!

Join our 3.8 Cr+ happy customers

+91
Explore other categories
Enjoy Zero Brokerage on Equity Delivery
10 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