the term given to an easement that originates from a restriction limiting the use of a property for residential purposes.
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RECIPROCAL OF EUROPEAN TERMS
This term refers to the method of quoting exchange rates in which a currency is cited in terms of how many US dollars are required to buy one unit of […]
RECIPROCAL SERVICES METHOD
This term is used in reference to two departments performing identical duties within one company. There will be matching charges made in each department.
RECIPROCAL TARIFF ACT
In 1934, a U. S. Federal statute was initiated that allowed for provisions when discussing tariff agreements between the United States and other Countries.
RECIPROCAL TRADE AGREEMENT
This agreement led to General Agreement on Tariffs and Trade in 1947. Congress passed act of 1934 that allows the President to create foreign tariff reduction agreements without approval of […]
RECIPROCAL TRADING
This term refers to an arrangement between two parties that allows the roles of buyer and seller to be interchangeable. Each sells to the other and buys from each other.
RECIPROCAL TRUSTS
the name of the trusts that are set up between a husband and a wife for each others benefit.
RECIPROCAL WILLS
Wills made by two or more persons in which they make re- ciprocal testamentary provisions in favor of each other, whether they unite in one will or each executes a […]
RECIPROCITY
Mutuality. The term Is used in international law to denote the re- lation existing between two states when each of them gives the subjects of the other certain privileges, on […]
RECISSION
Cancelling insurance due to fraud or misrepresentation .
RECITAL
The formal statement or setting forth of some matter of fact , in any deed or writing, in order to explain the reasons upon which the transaction is founded. The […]
RECITALS
Preliminary parts of a deed or contract that only declare or explain particular background facts of the transaction , but lay down no other conditions.
RECITE
To state in a written instrument facts connected with its inception, or reasons for its being made. Also to quote or set forth the words or the contents of some […]
RECKLESS
a term that means to be careless and indifferent to the welfare of other people.
RECKLESS DISREGARD
Indifferent and conscious contempt of others’ reputation or rights, the dangerous consequences of one’s action. In defamation cases, the defendant’s malicious intent is judged against the standard of ‘ reckless […]
RECKLESS DRIVING
the term that is applied to a person driving a vehicle in a manner that can cause an accident
RECKLESS NEGLIGENCE
the term meaning the wanton negligence and showing the lack of any concern for the injury to others.
RECKLESSNESS
N receiving any property with the knowledge that it has been feloniously or unlawfully stolen, taken, extorted, obtained, embezzled, or disposed of. Sweet.
RECLAIM
To claim or demand back; to ask for the return or restoration of a thing; to insist upon one’s right to recover that which was one’s own, but was parted […]
RECLAIMED ANIMALS
Those that are made tame by art, industry, or education, whereby a qualified property may be acquired in them.
RECLAIMING BILL
In Scotch law. A petition of appeal or review of a judgment of the lord ordinary or other inferior court . Bell.
RECLAMATION
1. Commerce: Seller’s legal right to take back not paid for goods. 2. Land development : Conversion of unusable land into valuable real estate . 3. Recycling: Restoration of materials […]
RECLAMATION DISTRICT
A subdivision of a state created by legislative authority, for the purpose of reclaiming swamp, marshy, or desert lands within its boundaries and rendering them fit for habitation or cultivation, […]
RECLUSION
In French law and In Louisiana. Incarceration as a punishment for crime; a temporary, afflictive, and in- famous punishment, consisting In being con fined at hard labor in a penal […]
RECOGNITION
Ratification ; confirmation ; an acknowledgment that something done by another person in one’s name had one’s authority. An inquiry conducted by a chosen body of men, not sitting as […]