- arra
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in Roman law, a payment that could be forfeit to escape from a contract before it was concluded in writing or that, on another view of the law, could be paid to escape from any sale. Arra was often more than half the value of the property in question. The modern Anglo-American equivalent is payment of a deposit.
Collins dictionary of law. W. J. Stewart. 2001.
- ARRA
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USAAlso known as the Stimulus Bill (Pub. L. 111-5). A statute signed into law on February 17, 2009 to provide, among other purposes, a broad-based economic stimulus to the economy to encourage economic recovery. The ARRA contains new spending and tax reductions for individuals and businesses estimated to cost $787.2 billion over ten years (2009 to 2019).For more information on the ARRA, including the text of the legislation and a summary of its provisions, as well as other government bailout programs implemented in response to the financial crisis, see Practice Note, Government Bailout Programs (www.practicallaw.com/8-384-3367).
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
