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Simple English definitions for legal terms
repetundae
Read a random definition: extraordinary loss
A quick definition of repetundae:
Term: REPETUNDAE
Definition: Repetundae is a Latin term that refers to "things or money claimed back" in Roman law. It is also known as RES REPETUNDAE.
Related term: Replacement cost, which refers to the cost of replacing an asset or property at its current market value.
A more thorough explanation:
REPETUNDAE
Repetundae is a Latin term that means "things or money claimed back" in Roman law. It refers to the act of reclaiming property or money that was taken unlawfully or through fraud.
For example, if a government official embezzles funds from the state treasury, those funds would be considered repetundae and could be reclaimed through legal action.
Another example would be if a person purchased a defective product and was entitled to a refund, the money they are owed would be considered repetundae.
The examples illustrate how repetundae refers to the act of reclaiming property or money that was taken unlawfully or through fraud. In both cases, the property or money was obtained through illegal means and must be returned to its rightful owner.