Definition of Reclamation:
Recycling: Restoration of materials found in a waste stream to beneficial use.
Reclamation is the process whereby somebody can reclaim their property or money if the counter party to a deal doesn't deliver on their part of the agreement. In the securities industry, reclamation can be minimized by cutting down the chances of bad delivery, which can be achieved by registering and transferring securities in book or electronic form rather than using physical certificates.
Reclamation is the right to reclaim property in the event of non-payment, fraud or other irregularities. Reclamation in the financial context generally refers to the right to demand a repayment of monies paid if there has been a bad delivery of a stock or security. It may also refer to the right of the seller to reclaim the property and assume ownership if the buyer does not pay or fails to meet the terms of the purchase agreement. Reclamation also refers to the process of reconverting previously unusable lands such as closed mine sites or defunct industrial areas to productive uses.
Commerce: Sellers legal right to take back not paid-for goods. See also recaption.
Land development: Conversion of unusable land such as desert, marshland, or submerged land into valuable real estate by irrigating, drying, or filling.
The process of claiming something back or of reasserting a right.
Synonyms of Reclamation
About-face, Amendment, Amends, Atonement, Backing, Backsliding, Change of allegiance, Change of heart, Change of mind, Compensation, Composition, Compromise, Disenchantment, Expiation, Expiatory offering, Flip-flop, Improvement, Indemnification, Indemnity, Lapse, Making amends, Making good, Making right, Making up, New birth, Peace offering, Piaculum, Propitiation, Quittance, Ransom, Readjustment, Rebirth, Recapture, Recidivation, Recidivism, Reclaiming, Recompense, Reconditioning, Reconversion, Recoup, Recoupment, Recovery, Recrudescence, Recuperation, Redemption, Redress, Reeducation, Reform, Reformation, Regainment, Regeneration, Regress, Regression, Rehabilitation, Reinstatement, Reinstruction, Relapse, Renascence, Renewal, Reoccupation, Reparation, Repatriation, Replevin, Replevy, Repossession, Restitution, Restoration, Resumption, Retake, Retaking, Retrieval, Retrieve, Retrocession, Retrogradation, Retrogression, Retroversion, Return, Returning, Reversal, Reverse, Reversion, Reverting, Revindication, Revival, Revulsion, Salvage, Salvation, Satisfaction, Slipping back, Squaring, Trover, Turn, Turnabout
How to use Reclamation in a sentence?
- The reclamation of our shared history.
- A good reclamation project can turn something that looked like a net loss into a gain and really change your year.
- If something fails you dont have to give up you can try a reclamation project if you really believe in what you have.
- I was concerned over the possibility of reclamation of our land considering how important this deal was to our future.
Meaning of Reclamation & Reclamation Definition