Definitions of recourse
a right to take possession of borrower's assets
If the borrower defaults, the bank has recourse to the borrower's assets.
the act of satisfying a claim
After the debtor refused to pay the car loan, the bank's recourse was to sell the car.
using something or someone as source of help in a difficult or dangerous situation
New York City's final recourse was to appeal to the U.S. Supreme Court.