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...

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.

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 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...

External recourse is the legal action by a carrier or forwarder to recover from third parties outside its own company any amounts paid for damages or ...