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Corporate & Institutional Glossary

Warehouse Receipt Warehousing Warehousing WebACHieve Wharfage Window Forwards With Particular Average (W.P.A.) With Recourse Without Recourse

Without Recourse A phrase used on an instrument or endorsement to indicate that the drawer or endorser is not liable to subsequent holders or the institution has financed the instrument, if the instrument is not honored when due.

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