Law Dictionary Definitions

racketeer,n. A person who engages in racketeering. [Cases: Racketeer Influenced and Corrupt Organizations 4, 103. C.J.S. RICO (Racketeer Influenced and Corrupt Organizations) §§ 4, 6.] — racketeer,vb. [Blacks Law 8th]

racket,n.1. An organized criminal activity; esp., the extortion of money by threat or violence. A dishonest or fraudulent scheme or business. [Cases: Racketeer Influenced and Corrupt Organizations 4, 103. C.J.S. RICO (Racketeer Influenced and Corrupt Organizations) §§ 4, 6.] [Blacks Law 8th]

rack,n. Hist. An instrument of torture on which a person was slowly stretched, formerly used to interrogate someone charged with a crime. [Blacks Law 8th]

racial profiling.The law-enforcement practice of using race, national origin, or ethnicity as a salient basis for suspicion of criminal activity. • Originally, the term referred to the practice of stopping a disproportionate number of male African-American drivers on the assumption that they had a heightened likelihood of being involved in criminal activity. After the terrorist…

racial discrimination.See DISCRIMINATION. [Blacks Law 8th]

racheter (rah-sh<<schwa>>-tay), vb.[French] 1. To repurchase or buy back. 2. To ransom. [Blacks Law 8th]

rachat (rah-shah), n.[French] 1. Repurchase; redemption. 2. Ransom. [Blacks Law 8th]

race to the courthouse. 1.Bankruptcy. The competition among creditors to make claims on assets, usu. motivated by the advantages to be gained by those who act first in preference to other creditors. • Chapter 11 of the Bank-ruptcy Code, as well as various other provisions, is intended to prevent a race to the courthouse and…

race statute.A recording act providing that the person who records first, regardless of notice, has priority. • Only Louisiana and North Carolina have race statutes. — Also termed pure race statute; race act. Cf. NOTICE STATUTE ; RACE-NOTICE STATUTE. [Cases: Vendor and Purchaser 231(11).C.J.S. Vendor and Pur-chaser § 502.] [Blacks Law 8th]

race of diligence.Bankruptcy. A first-come, first-served disposition of assets. [Cases: Bankruptcy 3442. C.J.S. Bankruptcy §§ 351–352.] [Blacks Law 8th]