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

Category: Finance

REEFER CARGO

This term refers to a shipment that requries a temperature controlled environment.

REFERRAL

This term refers to the recommendation by a patients primary care doctor that they see an additional doctor, usually a specialist.

REFURBISHING

Bringing older or damaged equipment to either a better looking or workable condition. They are usually in better condition than reconditioned items.

REHYPOTHECATION

US practice in securities trading whereby under particular circumstances a broker may use securities in his or her possession but owned by another person as collateral to raise a loan to cover

RELATIVE VALUE

A method of determining an asset’s value that takes into account the value of similar assets. In contrast, absolute value looks only at an asset’s intrinsic value and does not compare it

REMEDIATION

The action of remedying something, esp the reversal or stopping of damage to the environment

REORDER POINT

The level reached in inventory indication the need for more supplies.

REPOSSESSION

1. Voluntary or forced surrender of goods to the owner due to the inability to pay for them. 2. Legal process where the lender takes back property or assests when the borrower

RESERVE CAPACITY

The capacity that is gteater than that needed to satisfy a peak demand.

RESTRICTED ACCOUNT

An account where the asset or margin has fallen lower than its minimum requirements. See Margin; Remargining

RETRENCHMENT

The layoff of employees that is forced by the company’s economic position.

REVALUATION

1. The adjustment up of currency value in respect to another currency value or exchange rate. 2. The adjustment up of the book value of assets.

REVERSE MARKETING

Also called competitive marketing. A proactive approach that can be intensive for procurement og items.

REVOLVER

An arrangement in credit where the interest and credit limit is periodically renegotiated.

RING FENCE

Isolating a project so it is protected from outside risks.

RISK CONDITION

The description of effects that might occur under assumptions of the planand its impact on resources that support the plan.

RISK SHARING

A method of risk management where risk is distributed evenly among all participants.

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