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

Category: Finance

RESULTING TRUST

An implied or constructive trust that is created by the trustorthat is not lawful.

RETROFITTING

The action of modifying present equipment with new parts to enable it to perform its job.

REVENUE SHARING

Where an individual, corporationor business needs to pay taxes on any income that is earned another state.

REVERSE TEXT

A printing process where light coloured text is printed onto a dark background.

RISK EQUIVALENT

The amount in dollars that represents any probable loss from a possible risk.

RISK PARTICIPATION

Similare to risk sharing in that a bank in difficulties financially will offer a risk to another bank to manage.

RISK-ADJUSTED CAPITAL RATIO

The tool used to measure how a financial institution is able to withstand a recession or risk that is a reflection of ite capital.

ROLE

The expected behaviour that is associated with a position or the status within a organisation or group. See Roles.

ROLLOVER RELIEF

Where capital gains tax is not paid as long as the company re-invests in replacing its capital assets.

ROUGH CUT

An approximate measure that estimates a quantity’s soundness.

RUCKER PLAN

An incentive plan for workers to save costs based on a formula relating labour costs to a share of cost of production.

RUPERT MURDOCH

The billionaire mogul of media who holds the major share in News Corp. An Australian with interests in print, television and music publications.

SAFETY

The freedom from injury, harm, danger or loss to personal property whether deliberate or accidental.

SALES PITCH

The term for then “canned” presentation used to promote and hopefully sell a product. There is no thought to the needs of the prospective buyer.

SANITARY LIQUID WASTE

Liquid waste that is not hazardous and not radioactive that has arisen from agricultural, domestic, commercial or industrial sources.

SCALAR CHAIN

A chain of command that is straight from the top office to the lowest position.

SCHEDULE VARIANCE

A deviation from aplanned project that is measured by comparing the budgeted cost of work done to the cost of the work already performed.

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