Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

Category: Finance

SOIL EROSION

The removal of the soil that is faster than the processes involved in creating soil can produce it. It results in land becoming infertile and open to attack by flooding.

SONIC BOOM

The shock waves heard and felt when an aircarft of any sort travels at the speed of sound.

SPECIAL ASSESSMENT

A tax that is levied on properties in an area to provide for infrastructure such as street lighting and footpaths.

SPECIAL PERSONAL PROPERTY FORM

A form that has been nearly replaced by Building and Personal Property Coverage Form and covers commercial risks for all perils.

RATE OF EXCHANGE

The rate of exchange is the monetary value of a determined amount of foreign currency on any given day.

RATIONAL CHOICE THEORY (RCT)

Attempts to explain social phenomenon in terms of how self-interested individuals make choices under the influence of their preferences. All parties try to maximize their advantage, and to minimize their disadvantages.

REACTIVE STRATEGY

A reactive strategy occurs only when a management team or a manager is pushed or pressured into taking action to the changes that have taken place in a firm?s development.

REAL INVESTMENT

Real investment is money that is invested in tangible and productive assets such as machinery and plant, as opposed to investment in securities or other financial instruments.

REASONABLE PERSON

This term refers to an ordinary person who exercises care while avoiding extremes of boldness and carefulness. This term does not apply the same to each as each age group behaves differently.

RECENCY ERROR

A Flaw or Inaccuracy in performance appraisal or job interview, caused by the evaluator or the interviewer’s dependence on the most recent occurrences of the employee or the applicant’s behavior.

RECOMMENDED DAILY ALLOWANCES (RDA)

Pre-1995 US FDA standards used by food manufacturers in declaring nutritional values of the components foods on the label. Replaced in 1995 by % DV for 10 mandatory and 22 optional food

RECOVERABLES

This term relates to the parts or components of waste materials or damaged items that may still be able to be used .

RECYCLABLE MATERIAL

This term refers to raw or processed material that can be removed from a waste stream, reused, and repurposed into another item.

REDUCING AGENT

A Material that brings about reduction or depletion of oxygen or the addition of hydrogen in other substances by being oxidized in a chemical reaction. Also known as reluctant.

REFERENCE DOSE (RFD)

This term refers to the concentration of a chemical of which adverse effects on human health knowingly occur. See also acceptable daily intake.

REFRACTIVE INDEX

This term refers to the measure of bending a ray of light as it passes from one object or medium to another.

REGISTERED OWNER

Owner whose name is recorded in a security issuer’s registers as the security’s owner and is entitled to receive dividend or interest and principal payouts. Also called record holder.

RELATIVE FAIR MARKET VALUE

A way of allocating a lump-sum or ‘basket’ purchase price to the individual assets acquired based on their respective market values.

RELIANCE LETTER

An assessment of environmental conditions pertaining to possible contamination of a site. Provided to potential purchasers or lenders for the property.

Topic Archives:

Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.