An amount of money that is recognized as a gain or a loss after the close of a transaction or event. … [Read more...] about REALIZED GAIN and REALIZED LOSS
R
REASONABLE MAN
A legal term to describe how a reasonably prudent person within a community would judge or behave in a specific situation. … [Read more...] about REASONABLE MAN
REALM
A kingdom; a country. … [Read more...] about REALM
REASONABLE MAN STANDARD
The standard for which the liability for negligence is measured. That which a reasonable person would have done. Hence, negligence is a standard of care that is less than what a reasonable person would have done under the circumstances. … [Read more...] about REASONABLE MAN STANDARD
REALTY
An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. A brief term for real property ; also for anything which partakes of the nature of real property. Quasi realty. Things which are fixed in contemplation of law to realty, but movable in themselves, as heirlooms, (or limbs of the … [Read more...] about REALTY