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

Category: Finance

SOCIAL VALUE

A concept including social capitaland the wellbeing of citizens and their ability to make decisions that will affect them.

SOFT GOODS

Goods and textiles that are made from soft goods and soft material including fur, vinyl, leather and flexible plastics.

SOFTWARE SUPPORT

The providing of after sales service to customers for updates and any problems they may encounter.

SOURCE REDUCTION

A way to reduce the amount of material that will enter a waste stream ata certain point in processing by redesigning the product and the processes involved.

SPARE PART

A component that can be replaced when it is needed to be because of malfunction or wear.

RATE MANUAL

The handbook or manual that contains all of the rates for coverage. This manual may contain other items including the guidelines to field underwriting, agent guidelines, and cash forfeiture values.

RATIO ANALYSIS

This important technique of financial analysis where quantities are converted into ratios for meaningful comparisons, with past ratios and ratios of other firms. Ratio analysis determines trends, strengths or weaknesses.

REACTION

Chemical alteration that often goes together with a release of energy and occurs naturally over time. It is purposefully generated in a laboratory, or created as part of an industrial process.

REAL ESTATE BROKER

A real estate broker has met the education requirements and qualifies for their own business. They may hire other agents from whom they will earn a commission from sales volumes.

REASONABLE ASSURANCE

1. Recognition that it is not possible to declare with absolute certainty that an event will or will not happen. 2. Qualification that while a standard conforms to limits it is not

RECEIVER’S CERTIFICATE

A certificate that is comparable to a lien and distributed by a receiver to cover assets in the event of liquidation. Payments come first, before any other claims can be paid.

RECIPROCAL TRADING

This term refers to an arrangement between two parties that allows the roles of buyer and seller to be interchangeable. Each sells to the other and buys from each other.

RECORDING

The act of entering documents affecting interests in real estate in the recorder’s office established in each county. Until it is recorded, a deed or mortgage ordinarily is not effective against subsequent

RECURRING ENTRY

A type of transaction, repeated frequently and at fixed intervals. Usually associated with the accounts payable and accounts receivable part of the ledger. An example would be the monthly rent paid for

REDEVELOPMENT

Improvements made by a land developer including the erection of buildings, facilities, structures, and so on, that follow site enhancement by the local government.

REFERENCE CHECK

The act of contacting previous employers of a job applicant to determine his or her job history. Reference check may also include checking with schools attended by the applicant to verify education.

REFITTING

This term refers to the converting or retooling a facility or plant to handle a different product and/or process. See also: back fitting

REGIONAL

This term refers to a small, geographical area.

Topic Archives:

Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.