noun
right of recourse; right of redemption
Legal term referring to the right to seek compensation or performance from a prior party, such as an endorser or guarantor, after the primary obligor defaults.
手形が不渡りになった場合、所持人は振出人に対して遡求権を行使できる。
If a bill is dishonored, the holder can exercise the right of recourse against the drawer.
償還請求権 is a broader right to demand redemption or repayment, often used in corporate or bond contexts, while 遡求権 specifically refers to recourse against prior parties in negotiable instruments or guarantees.
Compound of 遡 (そ, 'go back, retroact'), 求 (きゅう, 'demand, request'), and 権 (けん, 'right'). The term is a direct translation of the Western legal concept 'right of recourse'.