Revolver credit – in the context of Financial Law, this is a credit up to certain figure, given by the bank towards credit card holder. He/she can use this type of credit, called “revolving fund” without time limitations and up…

Revocation – In context of Law, this term details the cancelation of legal act, where all the results occurred are considered nullified, and the conditions are restored as if the legal act never happened. In practice, revocation is usually imposed…

Revoke – this term is used in the Law of Contracts, where refers to the act to remove, to terminate previously and validly concluded agreement, for example. In the Commercial Law, warranties of products, given for certain period after the…

Revival – this term literally means “restoration”, “bringing back to life”. In the context of Law, it has several different meanings, depending on where it has got an application: 1) In the court procedures, it refers to the act of…

Review – in practice, within the meaning given by the Process Law, this term refers to a reconsideration leading to amendment or repealing of a decision. This is usually done by the court jury in the higher instance court, after…

Reversionary interest – within the meaning, given by the Real Estate Law, a reversionary interest is a benefit of using of property, which unfortunately, cannot be exercised – due to unexpected event, like demolishing the property. In such scenario you…

Reversion – this legal term has got application in several branches of Law: 1) In the context of Probate Law, this legal term refers to future interest left by a transferror towards his (or her) heirs, who are called “reversioners”,…

Reversible error – this term applies in the sphere of Court procedures in some legal systems. There it refers to an error that occurred during the procedure, or was implemented in issued court decision. This error is so important that…

Reverse mortgage loan – in the context of Real Estate Law, this term refers to a mortgage loan, during the period of which the lender releases a regular sum of money towards the borrower. This sum of money, given regularly,…

Reverse leverage – this term applies in the Commercial Law. There it refers to a situation, where the return on the investment purchased with borrowed money is less than the interest, payable to the moneylender. Such situation occurs when the…