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Economy, and the Public Accounts: Rent

Quit Rent, Eng., a small rent payable by tenants of manors, and by which they go free.

Rack-rent, the full yearly value of the land or house rented. Re-assurance, the protection of an insurer by other insurers against the risk he has undertaken.

Rebate, a deduction from a stipulated price or sum.

Recognisance, Eng., the judicial acknowledgment of a former debt upon record, etc. Recoupe, in English law, is the keeping back or stopping something which is due, such as to default or discount.

Re-exchange, the damage arising from the dishonor of a bill, and the necessity of the bill-holders having recourse back to the place of drawing. Release, an instrument whereby a person quits and renounces that which he before possessed; also an English deed of conveyance, etc.

Registry Certificate, a parchment document delivered to a shipmaster, testifying to the ownership, name, burden, master, and port of registry; it is the proof of the vessel being entitled to the privileges of the nation to which it belongs. Remedy of the Mint, action in reference to coinage.

Rent, an annual payment by one party for any property held of another party. Rent, in Political Economy, that which is received for the use of the natural and inherent powers of land, being the excess of the value of the whole produce above what is necessary to pay the wages of the labor and the profits of the capital employed in cultivation; or, as sometimes expressed, the excess of the produce of any land beyond what would be returned to the same labor and capital if employed on the worst land in cultivation. Rent Charge. See Fee-Farm-Rent.

Rente, a term synonymous with annuity in the funding system of France. Replevin, Eng., an action founded upon a distress taken wrongfully. Reprises, Eng., abatements or deductions.

Reserve, profit set aside or retained to meet some future purpose or contingency. ) Respondentia, a contract of loan under which goods in a ship are hypothecated to the lender as in Bottomry.