The phrase "without recourse” is used in the form of muking a qual-ified or restrictive indorsement of n bill or note. By these words the indorser signifies that, while he transfers his proiierty In the Instrument, he does not assume the responsibility of an indorser. See Lyons v. Fitzpatrick, 52 La. Ann. 697, 27 South. 111
Source: Black's Law Dictionary 2nd Ed (1910)
