Recourse quote

Recourse is the right to claim reimbursement of costs, damages, or losses arising from a transaction from another party. In logistics and transport, i...

The term does not appear to be an established specialist term in logistics. Without additional context or a source, a precise, generally accepted defi...

A legal right of a party that has paid compensation to a third party to seek reimbursement from the party liable for the loss or damage.

A recourse claim is a right of one party against another to recover, from that party, the damages it has already paid to a third party, typically when...

In tax law: a formal legal remedy allowing a taxpayer to challenge a tax decision or assessment before a higher tax authority or court for review of l...

Internal recourse is the right of a liable party (such as an insurer or carrier) to seek repayment from another party within the same legal entity or ...