Financial Redress

Recourse
Recourse refers to the right of redress or compensation if the terms of a contract are not fulfilled. It provides protection to the party to whom the obligation is owed by enabling them to claim against the other party or seek recovery from collateral if necessary.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.