A claim for the right to return or the right to demand the return of a security that has been previously accepted as a result of bad delivery or other irregularities in the delivery and settlement process. Bloomberg Financial Dictionary
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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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reclamation UK US /ˌrekləˈmeɪʃən/ noun [U] ENVIRONMENT
► the activity of making land that is under water or is in poor condition suitable for farming or building on: »
a land reclamation project
»On closing the mines they hired a forestry expert to improve their reclamation plan.
► the activity of getting useful materials from waste: »
Experts at the conference will address topics such as water reclamation and reuse.
Financial and business terms. 2012.