recoursere·course /rɪˈkɔːsˈriːkɔːrs/ noun [uncountableU]1something that you can use to help you in a difficult situationPartnership holders often find they have little recourse (=not much can be done to help them) when the value of their investment plummets.
Individuals should have recourse to the same bankruptcy-law protection as businesses.
2FINANCE the right of someone who has made a loan to take assets belonging to the borrower if the loan is not repaid, in addition to the asset on which the loan is SECUREDThe finance company will often require the dealer to enter into a recourse agreement.