All 3 Uses of
recourse
in
Atlas Shrugged
- The decision to speak to Dr. Robert Stadler had been her last recourse.†
Chpt 2.1 *
- Incredulously, he realized what it was that had been expected of him: he, the victim, chained, bound, gagged and left with no recourse save to bribery, had been expected to believe that the farce he had purchased was a process of law, that the edicts enslaving him had moral validity, that he was guilty of corrupting the integrity of the guardians of justice, and that the blame was his, not theirs.†
Chpt 3.5
- Oh, you're not, are you?" snarled Pete, who had but one recourse when in doubt: his hand jerked to the gun on his hip.†
Chpt 3.10
Definitions:
-
(1)
(recourse) a different way to accomplish something when the preferred way doesn't work
-
(2)
(meaning too rare to warrant focus) meaning too rare to warrant focus:
In finance and law, recourse has more specialized meanings. When someone borrows money to purchase a home, the loan can be a nonrecourse loan or not. If the loan is nonrecourse and the borrower does not make payments, the lender can take the property, but they cannot take other money, valuables, or future wages of the borrower. Some states require that home loans be nonrecourse. In many states borrowers can purchase either kind of loan.
More generally in finance and law, recourse may refer to collecting from a second party who has guaranteed that a first party will pay something. For example, if parents guaranteed a loan made by a bank to their children, then the bank would have recourse to demand payment from the parents if the child didn't make payments.