right of recourse; recourse

简明释义

追索权

英英释义

例句

1.If the contractor fails to complete the work, the client has a right of recourse 追索权 to claim damages.

如果承包商未能完成工作，客户有追索权要求赔偿。

2.After the product was returned, the company exercised its right of recourse 追索权 against the manufacturer for a refund.

在产品被退回后，公司对制造商行使了追索权以获得退款。

3.In a loan agreement, the lender has a right of recourse 追索权 against the borrower if they default on payments.

在贷款协议中，贷方对借款人如果违约不付款有追索权。

4.The insurance policy includes a right of recourse 追索权 clause that allows the insurer to recover costs from third parties.

保险政策包括一个追索权条款，允许保险公司向第三方追讨费用。

5.The bank informed the borrower about their right of recourse 追索权 in case of loan default.

银行通知借款人，如果贷款违约，他们拥有追索权。

作文

In the world of finance and legal agreements, the term right of recourse refers to the ability of a party to seek compensation or reclaim funds from another party in the event of a default or failure to fulfill contractual obligations. This concept is crucial for maintaining trust and accountability in business transactions. For instance, if a borrower defaults on a loan, the lender may have the right of recourse to pursue the borrower's assets to recover the owed amount. Understanding this right is essential for both lenders and borrowers, as it defines the extent of financial risk involved in their agreement.The notion of recourse extends beyond just financial transactions; it encompasses various situations where one party seeks redress from another. In legal terms, recourse can manifest in lawsuits, where an individual or entity seeks to recover damages caused by another party's actions. For example, if a contractor fails to complete a project according to the agreed-upon specifications, the client may have the right of recourse to sue for damages or demand a refund. This legal protection is vital for ensuring that parties adhere to their commitments and provides a pathway for resolution when disputes arise.Moreover, the right of recourse is often embedded in various types of insurance policies. When an insurer pays a claim to a policyholder, they may then have the right of recourse against third parties responsible for the loss. This means that the insurer can seek reimbursement from the party at fault, thereby minimizing their financial exposure. Such arrangements are common in liability insurance, where the insurer steps in to cover damages and subsequently pursues the responsible party for recovery.In international trade, the right of recourse plays a significant role in safeguarding businesses against potential losses. Companies engaged in cross-border transactions often face risks related to non-payment or breaches of contract. By negotiating terms that include recourse provisions, businesses can protect themselves and ensure they have avenues to recover losses should the need arise. This aspect is particularly important in export financing, where exporters may require guarantees or letters of credit that provide them with the right of recourse in case the importer fails to pay.In conclusion, the concepts of right of recourse and recourse are fundamental to the functioning of various financial and legal systems. They provide mechanisms for parties to seek compensation and hold others accountable for their actions. Whether in lending, contracting, insurance, or international trade, understanding these terms is vital for anyone involved in business or legal dealings. By recognizing the implications of the right of recourse, individuals and organizations can make informed decisions and navigate the complexities of financial relationships more effectively.

在金融和法律协议的世界中，术语追索权指的是一方在另一方未能履行合同义务或违约的情况下寻求赔偿或追回资金的能力。这个概念对于维护商业交易中的信任和问责制至关重要。例如，如果借款人违约，贷方可能会有追索权，可以追索借款人的资产以收回欠款。理解这一权利对贷方和借款人来说都至关重要，因为它定义了他们协议中涉及的财务风险的程度。追索权的概念不仅限于金融交易；它涵盖了各种情况下的一方向另一方寻求救济。在法律术语中，追索权可以体现在诉讼中，其中个人或实体寻求恢复因另一方行为造成的损害。例如，如果承包商未能按照约定的规格完成项目，客户可能会有追索权起诉要求赔偿或退款。这种法律保护对于确保各方遵守承诺至关重要，并为争议出现时提供了解决途径。此外，追索权通常嵌入各种类型的保险政策中。当保险公司向保单持有人支付索赔时，他们可能会拥有对负责损失的第三方的追索权。这意味着保险公司可以向责任方寻求赔偿，从而减少他们的财务风险。这种安排在责任保险中很常见，保险公司介入覆盖损害，然后追索责任方的赔偿。在国际贸易中，追索权在保护企业免受潜在损失方面发挥着重要作用。参与跨境交易的公司经常面临与不付款或违反合同相关的风险。通过谈判包括追索权条款的条款，企业可以保护自己，并确保在需要时有途径来追回损失。这一点在出口融资中尤为重要，出口商可能需要保证或信用证，以便在进口商未能付款的情况下提供给他们追索权。总之，追索权和追索权的概念是各种金融和法律系统运作的基础。它们提供了机制，使各方能够寻求赔偿并追究他人的责任。无论是在借贷、合同、保险还是国际贸易中，理解这些术语对任何参与商业或法律交易的人来说都是至关重要的。通过认识到追索权的含义，个人和组织可以做出明智的决定，更有效地应对财务关系的复杂性。