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

Category: Finance

REALIZATION

1. Change of assets, goods, or services into cash or receivables through sale. 2. Recognition of revenue when the title passes from seller to the buyer with the creation of a responsibility

RECALL RATIO

This term refers to the number of records gathered in a database search divided by the total number of records indexed on that subject in the catalog. See also precision ratio.

RECIDIVISM

Within the environment of health insurance, this term is used in reference to the regularity with which an insured returns to the hospital for inpatient treatment due to the same complaint.

RECORD APPRAISAL

Determination of the retentive values and disposal time of records based on their administrative, audit, fiscal, historical, legal, or operational value to the organizations where they were created or received.

RECTO

Right hand page of an open publication, usually odd numbered. The title of a book appears always on this page, and so does the contents, preface, introduction, chapter headings, etc.

REDACTION

The process of redaction is when a document is modified, edited or reviesed to have all confidential and sensitive information taken out of it.

REEFER CARGO

This term refers to a shipment that requries a temperature controlled environment.

REFERRAL

This term refers to the recommendation by a patients primary care doctor that they see an additional doctor, usually a specialist.

REFURBISHING

Bringing older or damaged equipment to either a better looking or workable condition. They are usually in better condition than reconditioned items.

REHYPOTHECATION

US practice in securities trading whereby under particular circumstances a broker may use securities in his or her possession but owned by another person as collateral to raise a loan to cover

RELATIVE VALUE

A method of determining an asset’s value that takes into account the value of similar assets. In contrast, absolute value looks only at an asset’s intrinsic value and does not compare it

REMITTITUR

A court process to reduce the verdict handed down by a jury.

REPAIR

1. General. The restoration of a damaged, broken or failed device to return it to its original intent.2. Quality control. The action that needs to be performed so a product can fulfill

REPRINT

The new impression of an item that has already been printed or published. The same ISBN number will apply.

RESIDE

To live somewhere such as a town or state.

RESOURCE PLAN

The detailed summary of all resources required to complete a certain project.

RESTRICTED FARE

A fare that has been discounted for some reason during set times and with specific conditions met.

RETRIEVAL REQUEST

Electronic commerce term where a specific transaction performed by a credit card is asked for by the issuer of the credit card.

REVALUATION RESERVE

An account kept in reserve to record any surplus that is cfeated with the re-valuing of assets.

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