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The process of listing and maintaining records of financial transactions. … [Read more...] about RECORD KEEPING

In practice. Defalcation or discount from a demand. A keeping back something which is due, because there is an equitable reason to withhold it Tomlins. Recoupment ia a right of the defendant to have a deduction from the amount of the plaintiff's damages, for the reason that the plaintiff has not complied with the cross-obligations or independent covenants arising under the same … [Read more...] about RECOUPMENT

This phrase, is applied to the matter recovered in a common recovery, after the vouchee has disappeared, and judgment is given for the demandant. 2 Bouv. Inst. n. 2093. … [Read more...] about RECOMPENSE OF RECOVERY IN VALUE

Publicly taking note or acknowledging the claim of another person with regard to real estate, such as the filing and recording of a deed. … [Read more...] about RECORD NOTICE

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 indorser signifies that while he transfers his property in the instrument, he does not assume the responsibility of an indorser. See Lyons v. Fitzpat rick, 52 La. Ann. 697, 27 South. 111. … [Read more...] about RECOURSE