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In Scotland, where a party sues for a debt and the defendant pleads compensation, i.e., set-off, the plaintiff may allege a compensation on his part; and this la called a "recompensation." Bell. … [Read more...] about RECOMPENSATION

The date upon which a shareholder must be registered with a corporation in order to be entitled to vote in shareholder voting and to receive dividend distributions. … [Read more...] about RECORD DATE

This word is derived from the French recouper, to cut again. In law it signifies the right and the act of making a set-off, defalcation, or discount, by the defendant, to the claim of the plaintiff. 21 Wend. It. 342. In another sense it signifies to recompense. 19 Ves. 123. … [Read more...] about RECOUPE

A reward for services; remuneration for goods or other property. 2. In maritime law there is a distinction between recompense and restitution. When goods have been lost by jettison, if at any subsequent period of the voyage the remainder of the cargo be lost, the owner of the goods lost by jettison cannot claim restitution from the owners of the other goods; but in the case of … [Read more...] about RECOMPENSE

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