Simple English definitions for legal terms
Read a random definition: FWC
Term: RACHAT
Definition: Rachat means to buy something back or pay to get something or someone back. It can also mean to rescue someone by paying a sum of money.
Definition: Rachat (rah-shah), n. [French] 1. The act of buying back something that was previously sold or lost. 2. Payment made to release someone from captivity or punishment.
The first example illustrates the first definition of rachat, where something that was previously sold or lost is bought back. In this case, John's car was bought back through a rachat agreement with the bank.
The second example illustrates the second definition of rachat, where payment is made to release someone from captivity or punishment. In this case, the kidnappers demanded a ransom (or rachat) for the safe return of the businessman.