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

Category: Finance

RECOMMENDED MAXIMUM CONTAINMENT LEVEL

Non-enforceable principle that indicates the greatest level of a contaminant in drinking water at which no known or anticipated adverse health effects would occur in humans and pets.

RECOVERED MATERIAL

This term refers to the byproducts, parts or components of a waste stream that has been captured and separated for reuse.

RECYCLING

A strategy to minimize waste in which any reusable materials are recovered from a postconsumer waste stream, and put to the original or different use.

REDUCTION IN FORCE (RIF)

This term refers to the process that is used to terminate employment positions that are caused by funding that was lost, changes of requirements, or the reorganization of business operations or department.

REFERENCE GROUP

People whose opinions, values, attitudes, preferences, behaviors and beliefs are used by a person as the basis for their judgment. One does not have to be a member of a reference group

REFRESHER TRAINING

A short-term course that is aimed at the reinforcement and recall of previously acquired skills and knowledge.

REGRESSIVE SUPPLY CURVE

A curve on a graph that features and upwards slope to the left that shows the unique situation of a product supplied decreasing with an increase in price.

RELATIVE MARKET SHARE

Relative market share is comparing market share of a company with that of its next biggest competitor. Having a relative Market share of >1 means you are the market leader that outperforms

RENT CONTROL

Rent control refers to laws or ordinances that set price controls on the renting of residential housing. It functions as a price ceiling.

REPORTING FORM

A form used by the insured to send updates on stock value, home improvements and furniture to the insurer.

RES JUDICATA

Latin- a thing adjudicated. Once a lawsuit is decided, the same issue or an issue arising from the first issue cannot be contested again.

RESTATEMENT

1. A statement of any change in financial statements and 2. to announce chanhge of money between exchanges.

RETURN OF PREMIUM

A benefit equal to the amount of premiums paid, minus claim amounts, will be paid during a set period of time if claims don’t exceed a set percentage of premiums paid.

REUSABILITY

The way an item can be used repeatedly compared to a one use item.

REVIEW COPY

A bound and printed copy of a book or work that is sent to reviewers before the official date of publication.

RIGHT OF POSSESSION

The right to property by the person who is the short or long term holder of the property.

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