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

Category: Finance

REVERSIONARY TRUST

An irrevocable trust in the USA that is revocable after the trustors death or after a set time period has passed.

RIGHT OF FIRST REFUSAL

A right in a contract where the seller must give the other party the chance to match the offer that a third party has given to buy a certain asset.

RISK AVOIDANCE

A risk management technique taking steps to remove a hazard, engage in different activities or to end a certain exposure to risk.

RISK PROPENSITY

The degree an entity is prepared to take a chance with the risk of a loss.

ROLE PLAYING

The art of acting out a role other than our own in a training situation.

ROOT CAUSE

The main cause for faults or failures even if more causes are evident that began with the initial cause.

ROUTE OF ENTRY

The way a substance is able to enter the body such as ingestion (mouth), inhalation (lungs) or absorption (cintact).

RUSTING

The result of electro chemical corrosion to iron and steel. It requires water and oxygen and is a form of oxidation.

SALARY REDUCTION PLAN

Capital accumulation plan or pension plan where an employee makes a contribution to a pension plan from their salary that reduces the tax payable. Puts the employer into a lower tax bracket.

SALMONELLA

A bacteria found in sewage and human and animal intestines. These orgaisms are toxic and cause different diseases when injested. Different strains are found in different food.

SANS SERIF TYPE

A typeface that does not have extensions at each of the letters terminal points. It is sharp and clean and easy to read. When smaller than 10 points it becomes harder to

SCALPING

1. Making money through the scarcity of items.2. Trading stategy where small profits are accumulated to a larger profit. 3. The psoreading of good but wrong information to boost a demand for

SCHOOLROOM SETUP

The seating and table arrangement where tables are set behind each other with aisles in between the rows. All seats face the front.

SCORCHED EARTH POLICY

a defence manouver during a take over bid where the business is made to look unprofitable and not worth being taken over.

SEARCH STATEMENT

A query presented in a manner that a search engine can interpret it and look for information on the internet.

SECOND DEGREE PRICE DETERMINATION

A practice in pricing where a seller ranks his cuctomers according the sizes of their orders and places different prices to different buyers. All buyers in the same segment wii pay the

SECONDARY DATA

Data that has been collected by another person other than the current or primary person.

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