REO ABSENTE

  reo absente (ree-oh ab-sten-tee). [Latin] The defendant being absent; the absence of the defendant.  [Blacks Law 8th]

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REO

REO.abbr.REAL ESTATE OWNED. [Blacks Law 8th]

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RENVOI

  renvoi (ren-voy), n.[French “sending back”] 1. The doctrine under which a court in resorting to foreign law adopts as well the foreign law’s conflict-of-laws principles, which may in turn refer the court back to the law of the forum. [Cases: Action 17. C.J.S. Actions §§ 18–20; Conflict of Laws§§ 2–3, 12, 15, 20, 23,…

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RENUNCIATION

  renunciation (ri-n<<schwa>>n-see-ay-sh<<schwa>>n), n.1. The express or tacit abandonment of a right without transferring it to another. 2.Wills & estates. The act of waiving a right under a will. • At one time, one renounced an inheritance by intestacy and disclaimed a gift by will. Today disclaim is common in both situations. — Also termed…

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RENT STRIKE

  rent strike.A refusal by a group of tenants to pay rent until grievances with the landlord are heard or settled. [Blacks Law 8th]

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RENT-SEEKING

  rent-seeking,n. Economic behavior motivated by an incentive to overproduce goods that will yield a return greater than the cost of production. • The term is often used in the field of law and economics. See RENT(4). [Blacks Law 8th]

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