Both Uses of
recourse
in
Light in August
- He knows almost to the second when he should begin to hear it, without recourse to watch or clock.†
Chpt 16 *
- Without recourse to clock he could know immediately upon the thought just where, in his old life, he would be and what doing between the two fixed moments which marked the beginning and the end of Sunday morning service and Sunday evening service and prayer service on Wednesday night; just when he would have been entering the church, just when he would have been bringing to a calculated close prayer or sermon.†
Chpt 16
Definitions:
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(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.