An issue that is introduced that is irrelevant to the matter at hand, which usually diverts attention from the main matter actually in issue. An irrelevant or misleading indicator or statement that appears to be important and isn't, designed to obfuscate and hide the primary issue. With regard to securities law, it is a preliminary prospectus regarding a stock that has yet to … [Read more...] about RED HERRING
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REDEMPTION
(A) In a Chapter 7 bankruptcy, when a debtor pays a creditor on a debt to redeem property, e.g. a motor vehicle. (B) Foreclosure: when the defaulting party pays an amount to satisfy a lender and redeems the property out of a foreclosure action. (C) contracts. The act of taking back by the seller from the buyer a thing which had been sold subject to the right of repurchase. 2. … [Read more...] about REDEMPTION
RED TAPE
Slang for excessive bureaucracy and prolonged requirements such as extensive paperwork. In a derivative sense, order carried to fastidious excess; system run out into trivial extremes. Webster v. Thompson, 55 Ga. 434. … [Read more...] about RED TAPE
RECTA PRISA REGIS
In old English law. The king's right to priaage, or taking of one butt or pipe of wine before and another behind the mast as a custom for every ship laden with wines. Cowell. … [Read more...] about RECTA PRISA REGIS
RECTOR SINECURE
A rector of a parish who has not the cure of souls. 2 Steph. Cqmm. 683. … [Read more...] about RECTOR SINECURE