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

Category: Finance

RISK VALUE

The quantity derived by multiplying the probability of a negative impact by its likely impact. Stated in monetary terms.

ROBOT

A machine that is controlled remotely or has been programmed to do certain tasks.

ROLL-ON/ROLL-OFF (RO-RO)

A ship loading method that does not need cranes to lift cargo on. Cargo is driven onto the ship. See LiftOn.

ROTATION

The completion of one cycle, route, process or circuit.

ROYALTY-FREE

Being able to use another person’s intellectual property for no fee.

RUNNING COST

The cost it takes to operate an organisation on a regular basis.

SABOTAGE

The intentional and deliberate destruction of property or the obstruction of an activity.

SALES LITERATURE

Any form of literature such as brochures, booklets, charts, catalogues, manuals, MSD sheets, press clippings, price lists, techniacl data sheets, test results and satisfied customer responses.

SALVAGE VALUE

The residual value of a product when it has reached the end of its productive life but still has a value if salvaged for recycling or reselling its parts.

SAY ON PAY

A corporate law that allows shareholders a say in how much the executives should be paid.

SCENARIO

A picture that is painted verbally to depict an outcome or sequence of events that are based on assumptions and factors chosen by its creator.

SCIENTIFIC MARKETING

A method that is used in interpreting and gathering market information that involves analytical testing and statistics.

SCREENING

Evaluation of a numnber of subjects to determine which have the right characteristics or attributes you are looking for.

SECONDARY MATERIAL

A material that is recycled to be used again. It has been used at least once before.

SECURE SYSTEM

A computer system that has protection that is provided through software and hardware that prevents against corruption of data, interception of data and any loss of data or unauthorised access.

SELF-HELP PROJECT

A scheme that is sponsored by the government where members of the community are encouraged to improve themselves through the means of creating self employment, food growing or providing themselves with shelter.

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