What is the meaning of with recourse, without recourse and limited recourse in bill discounting?

Banks sanction facilities by:
1. With recourse to the borrower
2. Without recourse to the borrower
3. Limited recourse to the borrower
What is the meaning of all the above three? These terms are mainly used in bill discounting facilities. Let us understand them in just 1 minute.
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[@MAGauravSharma]

Well explained 🎉❤

[@AnkushJain]

Thank you