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Redemption
RedemptionContracts. The act of taking back by the seller from the buyer a thing which had been sold subject to th right of repurchase. RELATED TERMS-------------------------------------- Taking 1) English law. The union of securities given at different times, so as to prevent any intermediate purchasers claiming title to redeem, or otherwise discharge one lien, which is prior, without redeeming or discharging other liens also, which are subsequent to his own title. 2) Crim. torts. The act of laying hold upon an article, with or without removing the same; a felonious taking is not sufficient without a carrying away, to constitute the crime of larceny. Seller Contracts. One who disposes of a thing in consideration of money; a vendor Buyer Contracts. A purchaser; a vendee. Subject 1) Contracts. The thing which is the object of an agreement. This term is used in the laws of Scotland. 2) Persons, government. An individual member of a nation, who is subject to the laws; this term is used in contradistiction to citizen, which is applied to the same individual when considering his political rights. Right 1) Sometimes it signifies a law, as when we say that natural right requires us to keep our promises, or that it commands restitution, or that it forbids murder. In our language it is seldom used in this sense. 2) It sometimes means that quality in our actions by which they are denominated just ones. This is usually denominated rectitude. 3) It is that quality in a person by which he can do certain actions, or possess certain things which belong to him by virtue of some title. In this sense, we use it when we say that a man has a right to his estate or a right to defend himself. SIMILAR TERMS-------------------------------------- Redemption of shares A company can redeem shares which are issued as redeemable shares by repaying the nominal value to the shareholder, whereupon the shares are cancelled. Redemption must normally be from distributable profits, but a procedure exists to allow shares to be redeemed from capital. As this amounts to a reduction of capital, an amount equivalent to the reduction of issued capital may need to be transferred to a capital redemption reserve. Redemptiones Heavy fines. PREVIOUS AND NEXT TERMS-------------------------------------- Recusation Civil law. A plea or exception by which the defendant requires that the judge having jurisdiction of the cause, should abstain from deciding upon the ground of interest, or for a legal objection to his prejudice. Recuse The process by which a judge is disqualified from hearing a case, on his or her own motion or upon the objection of either party. Red flags Symptoms and indicators (of Fraud). Reddendo singula singulis Construction. By rendering each his own; for example, when two descriptions of property are given together in one mass, both the next of kin and the heir cannot take, unless in cases where a construction can be made reddendo singula singulis, that the next of kin shall take the personal estate aud the heir at law the real estate. Reddendum Contracts. A word used substantively, and is that clause in a deed by which the grantor reserves something new to himself out of that which he granted before, and thus usually follows the tenendum, and is generally in these words "yielding and paying." Redemption Redemption of shares A company can redeem shares which are issued as redeemable shares by repaying the nominal value to the shareholder, whereupon the shares are cancelled. Redemption must normally be from distributable profits, but a procedure exists to allow shares to be redeemed from capital. As this amounts to a reduction of capital, an amount equivalent to the reduction of issued capital may need to be transferred to a capital redemption reserve. Redemptiones Heavy fines. Redhibition Civil law and in Louisiana. 1) The avoidance of a sale on account of some vice or defect in the thing sold, which renders it absolutely useless, or its use so inconvenient and imperfect, that it must be supposed that the buyer would not have purchased it, had he known of the vice. 2) Redhibition is also the name of an action which the purchaser of a defective movable thing may bring to cause the sale to be annulled, and to recover the price he has paid for it. Redidit se English practice. He surrendered himself. This is endorsed on the bail piece when a certificate has been made by the proper officer that the defendant is in custody. Redirect The second round of direct examination that occurs in the trial after cross-examination. We thank you for using the Juridical Dictionary to search for Redemption. If you have a better definition for Redemption than the one presented here, please let us know by making use of the suggest a term option. This definition of Redemption may be disputed by other professionals. Our attempt is to provide easy definitions on Redemption and any other medical topic for the public at large.
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