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A credit agreement with consumers that allows the consumer to payoff a debts on a regular basis and, when paid, automatically provides the borrower with credit. This revolving door of credit continues provided that the consumer pays on time and doesn't exceed limitations. … [Read more...] about REVOLVING CREDIT

In English law. Barristers appointed to revise the list of voters for county and borough members of parliament, and who hold courts for that purpose throughout the county.. Revising barristers' courts. In English law. Courts held in the autumn throughout the country, to revise the list of voters for county and borough members of parliament. … [Read more...] about REVISING BARRISTERS

An offer of recompense given by authority of law for the performance of some act for the public good; which, when the act has been performed, is to be paid; or it is the recompense actually paid. 2. A reward may be offered by the government or by a private person. In criminal prosecutions, a person may be a competent witness although he expects, on conviction of the prisoner, … [Read more...] about REWARD

Lat. In old English law. The returning of land to the donor. Fleta, lib. 3, cc. 10, 12. Reversio terrse est tanquant terra re vertens in possessione donatori, sive haeredibus suis post donum nnitum. Go. Litt. 142. A reversion of land is, as it were, the return of the land to the possession of the donor or his heirs after the termination of the estate granted. … [Read more...] about REVERSIO

In real property law. A reversion is the residue of an estate left by operation of law in the grantor or his heirs, or in the heirs of a testator, commencing in possession on the determination of a particular estate granted or devised. When a person has an interest in lands, and grants a portion of that interest, or, in other terms, a less estate than he has in himself, the … [Read more...] about REVERSION