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contracts, pleading. The repetition of some former writing, or the statement of something which has been done. Touchst. 76. 2. Recitals are used to explain those matters of fact which are necessary to make the transaction intelligible. 2 Bl. Com. 298. It is said that when a deed of defeasance recites the deed which it is meant to defeat, it must recite it truly. Cruise, Dig. … [Read more...] about RECITAL

The opening statements of a contract which provide a general background as to the content and subject matter of a contract but do not contain any essential terms. … [Read more...] about RECITALS

Reorganization of the financial structure of a corporation, frequently referring to the infusion of more capital and reduction of debt. … [Read more...] about RECAPITALIZE

The act of ceding back; the restoration of the title and dominion of a territory by the government which now holds it, to the government from which it was obtained by cession or otherwise. 2 White, Recop. 516. … [Read more...] about RECESSION

remedies. The act of a person who has been deprived of the custody of another to which he is legally entitled, by which he regains the peaceable custody of such person; or of the owner of personal or real property who has been deprived of his possession, by which he retakes possession, peaceably. In each of these cases the law allows the recaption of the person or of the … [Read more...] about RECAPTION