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

Category: Finance

REVERSE ANNUITY MORTGAGE

A loan using the equity in his home to secure another mortgage and gets lumo sums paid preiodically. The loan is paid when the house is sold after the borrowers death.

RICH MEDIA AD

An advertisement on the internet that contains an animation, flashing colours, audio and other range of enhancements.

RISK ANALYSIS

1. Corporate. A component of risk management consisting of identification, determination, evaluation and application. 2. Food industry. According to WHO/FAO it is the risk assessment, risk management and communication of risks.

RISK ESTIMATION

1.An expression of duration, magnitude, intensity and raech of a potential risk in montary terms. 2. The probability that exposure to a substance wikll have an adverse effect on an organism.

RISK PERCEPTION

The belief that is held about the possibility of a risk event occuring or the extent and timing of the risk.

RISK-ADJUSTED RETURN

The rate-of-return, ROR, on an investment from which the ROR on a different investment is deducted as long as the risk is similar.

ROLE AMBIGUITY

In Human Resource Management where the position is poorly presented and there is a lack of clear understanding.

ROMAN FACE

The upright type face as compared to a slanted type face like italics.

ROUND THE WORLD FARE

The fare that allows you to travel around the world in one direction with as many stops as you want.

RUGBY PROCESS

A process in deveolping products where the stages overlap instead of being defined.

RURAL

An area that is sparsely populated and located away from a city. Characterised by farming areas, open spaces and vegetation.

SALES PLATFORM

Also product platform. The selling proposition that decides the whole sales campaign for a product or group of products. The sales campaign is built on the sales platform.

SANITARY SOLID WASTE

Solid waste that is not hazardous or radioactive that has risen from agricultural, domestic, commercial and industrial practices. Cardboard, glass, paper plastic but not dissolved solids and suspended soils.

SCALAR PRINCIPLE

A classic management rule where each subordinate reports directly to his senior person and not any higher on the management chain.

SCOPE

See scope of work. All of the jobs required in order to complete a project, from the contract, employment and finishing the job.

SEA LEVEL

Known as mean sea level where the average over many years has been recorded between high tide and low tide levels.

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