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

Category: Finance

SOFT COPY

Not a hard or paper copy but the electronic copy of an item or document.

SOFTWARE ENGINEERING

1. The development of procedures and applications that will be used by electronic machines such as compouters and phones.2. An education program that ends with a degree or certificate of competency and

SOLID STATE DEVICE

An electronic device such as a memory chip that is made from solid state circuits.

SOURCE ATTRACTIVENESS

The way that an item is considered to have a greater attraction than a similar item due to where it came from.

SOVEREIGN RIGHT

A right that a state possesess which allows it to act for the benefit of all of its citizens as it sees fit.

SPECIAL ENDORSEMENT

An endorsement where the endorsee is named and to whom a negotiable instrument is to be paid.

RATE DISCRIMINATION

This practice, now illegal by state insurance laws, involved charging different rates to insured people with similar attributes.

RATING

1. Marketing: The percentages of total audiences who choose one media type over another, i.e. TV versus radio. 2. Securities trading: Ranking of secure debts based on the issuer?s earnings, etc.

RAW TIME

The amount of time it takes to perform each individual task in an operation. This number is derived from a study of time, motion, historical information and standard time data.

REAL ACCOUNTS

Reserve, liability, capital accounts and assets, which will appear on a balance sheet. Real account balances will not be cancelled at the period end but are instead carried over into the next

REALIZED PROFIT/LOSS

Actual gain or loss that happens when an asset is turned into into cash at fair market value in a transaction. Also called realized gain/loss. See also paper profit (or loss).

RECAPTURE OF DEPRECIATION

This rule refers to the addition of a gain that has been realized on a depreciable asset when the asset has sold for more than its book value, as taxable income

RECIPIENT LOCATION

A location or place where the insured’s business is accepted or approved. Under business income coverage, one of the types of properties or assets that may be covered.

RECORD CONTROL

This term refers to the Administration of files, documents and records created or received by an organization to ensure proper authorization and procedure for handling or having access to records.

RECURRING CLAUSE

This term relates to the clause within a health insurance policy that specifies the time-period during which a condition is considered a recurrent disability or is considered a different condition.

REDEEMABLE PREFERRED STOCK

A type of share that is liable to be bought back by the issuers on a specific date or after a specified period of notice. Some jurisdictions prohibit the redemption if it

REENGINEERING

Defined by Michael Hammer and James Champy in their 1993 book ‘Reengineering the Corporation’ as “Fundamental rethinking and radical redesign of business process to achieve dramatic improvements in critical measures of performance

REFI BUBBLE

This is the period which is used to take advantage of lower interest rates, borrowers replace old debt with new debt.

REFUSE DERIVED FUEL

This term refers to heat that is derived from shredding solid waste that has had glass and metals removed.

REINFORCING FEEDBACK

Effect of an action, change, or decision returned to amplify what caused it. Reinforcing feedback drives a system increasingly faster in the direction it is already going whether away from its goal

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