Ransom is money or other consideration paid to or demanded by someone in exchange for the release of a kidnapped person or stolen property. It may also refer to the verb of demanding or paying the money to release the kidnapped person....
money and financial problems
redeem
Redeem has multiple definitions:
In bankruptcy, the debtor’s right to repurchase property they previously owned but another acquired in a forced sale by a creditor. 11 U.S.C. § 722 lays out the process through which a debtor may redeem property...redemption
See redeem.
[Last updated in May of 2024 by the Wex Definitions Team]
redlining
Redlining can be defined as a discriminatory practice that consists of the systematic denial of services such as mortgages, insurance loans, and other financial services to residents of certain areas, based on their race or ethnicity....
reserved power of appointment
Reserved power of appointment is when the owner of the appointive assets gives the appointive assets away, but reserves to themselves a power of appointment (the ability to choose the beneficiaries of the property). In other words, it is when...
retaining lien
A retaining lien is a type of attorney’s lien that a lawyer holds over a client’s documents, property, or money that is in the lawyer’s possession due to the lawyer-client relationship. This lien is used to secure payment of fees and costs...
reverse mortgage
A reverse mortgage allows homeowners, usually those 62 or older, to borrow money using their home as security for the loan. The title for the home remains in the name of the person taking out the reverse mortgage. The reverse mortgage is...
revoke
See: revocation.
[Last updated in June of 2024 by the Wex Definitions Team]
roll over
Rollover means to extend a particular financial agreement.
In the context of retirement accounts, rollover often refers to transferring funds from one Individual Retirement Account (IRA) to another traditional IRA or Roth IRA, or from...Rule 144A
Rule 144A (formally 17 CFR § 230.144A) is a Securities Exchange Commission (SEC) regulation that enables purchasers of securities in a private placement to resell their securities to qualified institutional buyers (QIBs) under certain...