A delayed tax that allows you to apply the profit you make selling your old house to pay for the new one without paying capital gains taxes on the profit. In order to rollover the profits, the new house must be more expensive than the old and the two sales must occur within two years of each other. … [Read more...] about ROLLOVER
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ROTTEN BOROUGHS
Small boroughs in England, which prior to the reform act, 1832, returned one or more members to parliament. … [Read more...] about ROTTEN BOROUGHS
ROMA PEDITAE
Lat. Pilgrims that traveled to Rome on foot … [Read more...] about ROMA PEDITAE
ROTTEN CLAUSE
A clause sometimes Inserted in policies of marine insurance, to the effect that "if, on a regular survey, the ship shall be declared unseaworthy by reason of being rotten or unsound," the insurers shall be discharged. 1 Phil. Ins. … [Read more...] about ROTTEN CLAUSE
ROMAN CATHOLIC CHARIOTS AOT
The statute 23 A 24 Vict c. 184, providing a method for enjoying estates given open trust for Roman Catholics, but invalidated by reason of certain of the trusts being superstitious or otherwise Illegal. 3 Steph. Comm. 76. … [Read more...] about ROMAN CATHOLIC CHARIOTS AOT