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

Category: Finance

REPAYMENT PLAN

Plan setup and agreed upon between a borrower and creditor that outlines how the money will be paid back. The repayment plan clearly indicates the original loan amount, how much goes to

RESIDENT COMPANY

The jurisdiction that covers the place where a body is registered and carries on business.

REVENUE PROJECT

A project that does not need an investment of capital but requires continuing expenditure.

REVERSE REPO

The arrangement where a broker or dealer buys a security and sells it on a set date at a higher price.

REWORK

1. The correction of a failed, defective or a non-conforming item. 2. The actaul cost of the correction of defective work.

RIPARIAN RIGHTS

The allocating of rights to use a body of water by individuals who own property around said body of water.

RISK DIVERSIFICATION

The allocation of risk in proportion to all the parties of a contract. Also known as risk allocation.

RISK OF LOSS

The chance of bearing the costs that are associated with destruction, damage or the inability of locating goods, documents and other property.

RISK VARIABLE

An element in a situation that a change in its state can cause a change in degree of risk exposure.

ROBUST

1. General.The continuos operation of a process regardless of any external changes that may affect it. 2. Statistics. A test or procedure that is mostly unaffected by the departure of any assumptions

ROLLOUT

The formal launch of a productor service using media and following a campaign of promotional material.

ROTH IRA

An account that an individual can pay into for retirement that qualifies as a tax saving account. Tax is paid on deposit but not on withdrawal.

RSVP

An abreviation of the French term ‘responde si’l vous plait’ meaning ‘please reply’.

RUNNING ROYALTY

The compensation that is paid to the licensor or franchiser based on number of units sold or produced instead of being paid a lump sum.

SACK

A unit of cement from Portland that is 94 pounds in the USA and 87.5 pounds in Canada.

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