Rangefinders are used in a number of commercial applications - surveying, mapping, mining, etc. - however for our purposes we will be discussing the portable laser rangefinder used by outdoor sportsmen and sportswomen.
Laser rangefinders calculate the distance to an object by bouncing a laser beam off of the object and measuring the lapsed time until the beam returns. Since the calculation is based upon the return of the beam, it stands to reason that a more reflective object can be measured at a greater distance than a less reflective object. Readily available models are accurate to within one yard and have the ability to measure distances to reflective targets up to 1500 yards away