Law Dictionary Definitions

Railroad Retirement Board.A three-member federal board that administers the program providing retirement, unemployment, and sickness benefits to retired railroad employees and their families. • The Board was established by the Railroad Retirement Act of 1934. — Abbr. RRB. [Blacks Law 8th]

railroad corporation.See CORPORATION. [Blacks Law 8th]

railroad company.See railroad corporation under CORPORATION. [Blacks Law 8th]

railroad-aid bond.See BOND(3). [Blacks Law 8th]

railroad,vb.1. To transport by train. 2. To send (a measure) hastily through a legislature so that there is little time for consideration and debate. 3. To convict (a person) hastily, esp. by the use of false charges or insufficient evidence. [Blacks Law 8th]

raider. See CORPORATE RAIDER. [Blacks Law 8th]

raffle,n. A form of lottery in which each participant buys one or more chances to win a prize. [Cases: Lotteries 3. C.J.S. Lotteries §§ 2–7, 11.] [Blacks Law 8th]

rack rent,n. Rent equal to or nearly equal to the full annual value of the property; excessively or unreasonably high rent. — rack-rent,vb. — rack-renter,n. [Blacks Law 8th]

racketeering,n.1. A system of organized crime traditionally involving the extortion of money from businesses by intimidation, violence, or other illegal methods. [Cases: Racketeer Influenced and Corrupt Organizations 4, 103. C.J.S. RICO (Racketeer Influenced and Corrupt Organizations) §§ 4, 6.] 2. A pattern of illegal activity (such as bribery, extortion, fraud, and murder) carried out as…

Racketeer Influenced and Corrupt Organizations Act.A law designed to attack organized criminal activity and preserve marketplace integrity by investigating, controlling, and prosecuting persons who participate or conspire to participate in racketeering. • Enacted in 1970, the federal RICO statute applies only to activity involving interstate or foreign commerce. 18 USCA §§ 1961–1968. Since then, many…