Chart that describes (1) length of time each document or record will be retained as an active record , (2) reason for its retention, and (3) final disposition of the […]
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RECORD RETRIEVAL
This term refers to the process of location a specific file, document or record and then delivering it so it can be used.
RECORD, n
A written account of some act, transaction , or instrument , drawn up, under authority of law, by a proper officer, and designed to remain as a memorial or permanent […]
RECORD, v
To register or enroll; to write out on parchment or paper, or in a book, for the purpose of preservation and perpetual memorial; to transcribe a document, or enter the […]
RECORDARE
In American practice. A writ to bring up judgments of justices of the peace. Halcombe v. Loudermilk, 48 N. C. 491.
RECORDATION OF VERDICT
where the court clerk will record the verdict and end the trial.
RECORDATUR
Am. St Rep. 391; Vidor v. Rawlins, 93 Tex. 259. 54 S. W. LOI’G.
RECORDER OF LONDON
One of the justices of oyer and terminer , aud a justice of the peace of the quorum for putting the laws in execution for the preservation of the peace […]
RECORDER, n
In old English law . A barrister or other person learned in the law, whom the mayor or other magistrate of any city or town corporate, having jurisdiction or a […]
RECORDER, v L
Fr. In Norman law. To recite or testify on recollection what had previously passed in court This was the duty of the judges and other principal persons who presided at […]
RECORDING
The act of entering documents affecting interests in real estate in the recorder’s office established in each county. Until it is recorded, a deed or mortgage ordinarily is not effective […]
RECORDING ACTS
Statutes enacted In the several states relative to the official recording of deeds, mortgages, bills of sale, chattel mortgages, etc., aud the effect of such records as notice to creditors, […]
RECORDING AGENT
This is a term used for an agent who writes property insurance policies that is usually only used in the property insurance business.
RECORDING FEE
A recording fee is the fee charged by government agencies for recording purchases or sales of real estate . These transactions are required by law to ensure accurate records and […]
RECORDKEEPING COPY
This term refers to a duplicate record that is maintained in a system of record keeping.
RECORDKEEPING REQUIREMENTS
Specific directions are issued by external and internal authorities dictate how an organization ‘s records are maintained and disposed of, for how long they are to be preserved and what […]
RECORDKEEPING SYSTEM
Orderly procedure, by which the records of an organization are created, maintained , and disposed of. This system also ensures preservation , accurate and efficient updating, timely availability , and […]
RECOUP, or RECOUPE
To deduct defalk, discount, set off, or keep back; to withhold part of a demand.
RECOUPMENT
In practice . Defalcation or discount from a demand. A keeping back something which is due, because there is au equitable reason to withhold it. Torn- lins. Recoupment Is a […]
RECOUPONING
When a portfolio is sold exposure is reduced to protect both parties. The cash settlement is paid and the derivatives are rewritten at current market levels. The process is repeated […]
RECOURSE
The phrase ” without recourse ” is used in the form of making a qualified or restrictive indorsement of a bill or note. By these words the iudorser signifies that, […]
RECOURSE DEBT
A debt in which the borrower is not backed by any collateral. The lender can collect on the loan payments by way of foreclosure on the security and taking other […]
RECOURSE LOAN
Loan agreement that a borrower gives an undertaking to repay a debt even if the funded asset cannot be liquidated to cover the loan amount. In case of default, the […]
RECOUSSE
Fr. In French law . Recapture. Emerig. Traite des Assur. c. 12,
RECOVERABLES
This term relates to the parts or components of waste materials or damaged items that may still be able to be used .