Racketeer Influenced And Corrupt Organizations Act Of Rico


Definition of "Racketeer influenced and corrupt organizations act of 1970 (rico)"

Legislation that provides support for legal actions against individuals or organizations involved in systematic illegal activities. This act has been applied against insurance organizations when they were accused of bad-faith failure to pay claims or when there was a question of insolvency.



Search Real Estate Glossary

Related Real Estate Glossary terms

Related Real Estate FAQ