reclaim

reclaim
An act carried out by a seller who has tendered a live cattle delivery certificate that the assigned buyer has retendered. A seller will do this to collect the retender fee. To reclaim, the original seller establishes a long position in the pit and submits a reclaim notice. If no one demands the certificate of delivery, the seller takes assignment of his own retendered certificate and collects the accrued retender fee, thus eliminating the delivery obligation. Chicago Mercantile Exchange Glossary

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reclaim re‧claim [rɪˈkleɪm] verb [transitive]
1. to get back something that has been taken from you or money that you have paid:

• If a delivery date is not met, the buyer can reject the goods and reclaim any money paid.

• Tax deducted on the dividends can be reclaimed.

2. to make an area of very wet or very dry land suitable for building or farming:

• They plan to reclaim 1.5 million square kilometres of salt marsh.

3. to obtain useful products from waste material:

• The new recycling plant can reclaim 27,000 tons a year of discarded plastic.

— reclamation noun [uncountable] :

• land reclamation

• recycling and reclamation

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reclaim UK US /rɪˈkleɪm/ verb [T]
► to get back something that has been taken away from you, or money that you have already paid: »

reclaim tax/expenses/a deposit

 »

You can reclaim the import tax on such goods.

 »

It was seen as an attempt by the former chairman to reclaim power.

► ENVIRONMENT to make land, such as desert or areas covered by water, suitable for farming or building on: »

The law requires mining companies to reclaim and replant the land.

► ENVIRONMENT to get useful materials from waste: »

There are new techniques for reclaiming water from human waste.

→ Compare RECYCLE(Cf. ↑recycle)

Financial and business terms. 2012.

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Look at other dictionaries:

  • reclaim — re·claim /ˌrē klām/ vt 1: to make fit or available for human use reclaim ing land that had been strip mined 2 a: to demand the return of by right b: to regain possession of Merriam Webster’s Dictionary of Law …   Law dictionary

  • Reclaim — Re*claim (r[ e]*kl[=a]m ), v. t. [imp. & p. p. {Reclaimed} (r[ e]*kl[=a]md ); p. pr. & vb. n. {Reclaiming}.] [F. r[ e]clamer, L. reclamare, reclamatum, to cry out against; pref. re re + clamare to call or cry aloud. See {Claim}.] 1. To call back …   The Collaborative International Dictionary of English

  • Reclaim — Re*claim (r[ e]*kl[=a]m ), v. i. 1. To cry out in opposition or contradiction; to exclaim against anything; to contradict; to take exceptions. [1913 Webster] Scripture reclaims, and the whole Catholic church reclaims, and Christian ears would not …   The Collaborative International Dictionary of English

  • reclaim — Reclaim, que aucuns escrivent mal Reclain, c est plainte faite à un superieur pour avoir son aide, ou bien plainte judiciaire, tout ainsi qu on dit complainte. Au 4. art. des coustumes de Coulomniers, Et au regard des reclaims des lettres… …   Thresor de la langue françoyse

  • reclaim — [ri klām′] vt. [ME reclaimen < OFr réclamer < L reclamare, to cry out against: see RE & CLAIM] 1. to rescue or bring back (a person or people) from error, vice, etc. to ways of living or thinking regarded as right; reform 2. to make… …   English World dictionary

  • Reclaim — Re*claim , n. The act of reclaiming, or the state of being reclaimed; reclamation; recovery. [Obs.] [1913 Webster] …   The Collaborative International Dictionary of English

  • Reclaim — Re*claim (r[=e]*kl[=a]m ), v. t. To claim back; to demand the return of as a right; to attempt to recover possession of. [1913 Webster] A tract of land [Holland] snatched from an element perpetually reclaiming its prior occupancy. W. Coxe. [1913… …   The Collaborative International Dictionary of English

  • reclaim — (v.) c.1300, from O.Fr. reclamer to call back, appeal to (12c.), from L. reclamare cry out against, appeal, from re opposite, against (see RE (Cf. re )) + clamare cry out (see CLAIM (Cf. claim) (v.)). Meaning bring waste land into useful… …   Etymology dictionary

  • reclaim — save, ransom, redeem, deliver, *rescue Analogous words: *renew, restore, renovate: reform, rectify, remedy, *correct, amend Antonyms: abandon Contrasted words: desert, forsake (see ABANDON) …   New Dictionary of Synonyms

  • reclaim — ► VERB 1) retrieve or recover. 2) bring (waste land or land formerly under water) under cultivation. 3) redeem from a state of vice. ► NOUN ▪ the action of reclaiming or the process of being reclaimed. DERIVATIVES reclamation noun …   English terms dictionary

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