Select the term from the list below that matches each of the following six descriptions.
-Transfer a note with a contingent liability
A)Interest
B)Maturity value
C)Principal
D)Payee
E)Discounting
F)Term
G)Recourse
H)Implicit
I)Maker

Question

Quizplus · Accepted Answer

Recourse refers to the right of a holder of a negotiable instrument to demand payment from the original issuer or any endorsers if the instrument is dishonored. In the context of a note with a contingent liability, recourse is the term that matches the description.

Select the Term from the List Below That Matches Each