/wɪˈðaʊt rɪˈkɔːs/ – Phrase
Definition: không có quyền truy đòi.
A more thorough explanation: “Without recourse” is a legal term that indicates that a party is not able to seek payment or reimbursement from a specific source in the event of non-payment or default. It signifies that the party assuming the obligation or responsibility does so at their own risk, without the ability to turn to another party for recourse or compensation.
Example: The contract stipulated that the seller would provide a refund to the buyer for any defective products, without recourse to legal action.