recourse; redemption
Legal/financial term referring to the right to seek compensation or recovery from a party other than the immediate debtor, or the act of redeeming a financial instrument. Often used in contexts like bills of exchange, guarantees, or insurance subrogation.
Exercise the right of recourse on a bill.
After the guarantor pays, they can seek recourse against the principal debtor.
right of recourse; right of redemption
Standard kanji form for this legal/financial term.
Mixed kana-kanji spelling; less common but seen in some contexts.
Compound of 遡 (そ, 'go back, trace back') and 求 (きゅう, 'seek, demand'). The term is a legal coinage reflecting the concept of seeking redress from a prior party.