Posts by admin

real-party-in-interest rule.The principle that the person entitled by law to enforce a substantive right should be the one under whose name the action is prosecuted. Fed. R. Civ. P. 17(a). [Blacks Law 8th]

real party in interest.See PARTY(2). [Blacks Law 8th]

real money.See MONEY. [Blacks Law 8th]

real law.The law of real property; real-estate law. [Blacks Law 8th]

realized loss.See LOSS(2). [Blacks Law 8th]

realized gain.See GAIN(3). [Blacks Law 8th]

realization,n.1. Conversion of noncash assets into cash assets. 2.Tax. An event or transaction, such as the sale or exchange of property, that substantially changes a taxpayer’s economic position so that income tax may be imposed or a tax allowance granted. Cf. RECOGNITION(4). [Cases: Internal Revenue 3115, 3178; Taxation 996. C.J.S. Internal Revenue §§ 61, 110;…

real income.See INCOME. [Blacks Law 8th]

  realignment (ree-<<schwa>>-lIn-m<<schwa>>nt), n. The process by which a court, usu. in determining diversity jurisdiction, identifies and rearranges the parties as plaintiffs and defendants according to their ultimate interests. [Cases: Federal Civil Procedure 101; Federal Courts 304.] — realign,vb. [Blacks Law 8th]

  real evidence.See EVIDENCE. [Blacks Law 8th]