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
R
RECORD KEEPING
The process of listing and maintaining records of financial transactions. … [Read more...] about RECORD KEEPING
RECOUPMENT
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
RECLUSION
In French law and in Louisiana. Incarceration as a punishment for crime; a temporary, afflictive, and infamous punishment, consisting in being confined at hard labor in a penal Institution, and carrying dvil degradation. See Phelps v. Relnach, 38 La. Ann. 551; Jurgens v. Ittman, 47 La. Ann. 367, 16 South. 952. … [Read more...] about RECLUSION
RECOGNISOR
contracts. He who enters into a recognizance. … [Read more...] about RECOGNISOR