Regulation S-K is a Securities and Exchange Commission (SEC) regulation that outlines how registrants should disclose material qualitative descriptors of their business on registration statements, periodic reports, and any other filings. The...
commercial transactions
Regulation S-X
Regulation S-X is a Securities and Exchange Commission (SEC) regulation under the Securities Act that outlines how registrants should disclose financial statements on registration statements, periodic reports, and other filings. Compare with...
release
To cease to be bound by an obligation or to concede a right. A release usually takes the form of a voluntary private contract between parties to cease the obligation or concede the right. California Civil Code § 1541 upholds...
reliance damages
Reliance damages refer to the monetary compensation awarded to a party (promisee) that suffered damages from relying on a reasonable promise of the other party (promisor) that broke the promise. The concept of reliance damages is mostly used...
relinquished property
In a 1031 exchange, the real property the investor is selling to defer recognition of gains from the sale as taxable income. A reference to relinquished property is made in § 1031(a)(3) of the Internal Revenue Code, which requires that the property...
reporting company
A reporting company is any company subject to the periodic reporting requirements of the Exchange Act, i.e., any public corporation.
[Last updated in February of 2022 by the Wex Definitions Team]
rescission
Rescission is an equitable remedy that results in the cancellation of a contract.
See: Evanston Insurance Company v. Desert State Life Management.
Rescission allows a party to stop performing its duties...
Resource Conservation and Recovery Act (RCRA)
The Resource Conservation and Recovery Act (RCRA) is an act that serves mainly to regulate disposal of land-based waste, with a specific focus on hazardous land waste. The ultimate objective of the RCRA is reducing land waste and promoting...
retaliatory measures
Retaliatory measures, or reprisal, is a term used in international law to describe the use of diplomatic measures or force adopted by a State in response to a similar use of force exercised by another State.
Retaliatory...
Revised Uniform Partnership Act of 1997 (RUPA)
The Revised Uniform Partnership Act of 1997 (RUPA) is a term used to refer to the revised act and revisions done to the Uniform Partnership Act of 1914 (UPA). The UPA is a model series of rules drafted by the Uniform Law Commission (or...