What is proper and correct under the law, ethics, and/or moral code; something owed a person because of a just claim; a protected and recognized interest; a negotiable option to buy a new issue of stock at less than market pricing; a claim or interest in tangible or intangible things. right of action right of entry. The right to go upon land or into a dwelling. right of redemption. The right to reclaim property previously sold or encumbered, by paying full value plus any interest and costs. r...