Rud is a descriptive word that can be used in any situation to describe something in either a negative OR positive way. The key to the term is in the pronunciation, which will determin the meaning. In written form rud must never contain capital letters
'finding a tenner is rud'
'losing a tenner is rud'
Rudding is a sexual act mainly performed by Scottish Sailors which involves penetrating your sailing partner with an oar and using them to steer the boat. Double rudding is where you also put an oar in their mouth.
Some extremists prefer to stimulate their sailing partners by rubbing them against a working rudder, this is not reccommended as genital mutilation occurs in most instances.