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

Category: Finance

SOCIAL STRATIFICATION

A rigid subdivision in society that creates a hierarchy of layers that sre differentiated on the basis of wealth, prestige and power.

SOFTWARE MAINTAINABILITY

The ability a computer program has to be able to perform its intended function when in its original form and after it has been restored after failure.

SOLIPSISTIC

The self awareness of your own thoughts and the idea that nothing is known or confirmed outside of these thoughts.

SOURCE DOCUMENT

A document that shows evidence of a transaction or business deal such as a invoice, receipt, cash slip, deposit slip.

SPAMMING

An overlaod of email messages that overwhelm the mail handling and storage capacity of a web site.

SPECIAL MEAL

A term used in the travel industry for an alternative meal ordered in advance by passengers. It may be for a child, vegetarian , low salt for example.

RATE LOCK DEPOSIT

The fee that a borrower pays to lock in their interest rate for the period while their mortgage application is processed. If they withdraw the application, they forfeit their deposit.

RATING POINT

The size of a television channel or radio station audience which is expressed as merely a percentage of the whole, potential audience size.

RBC CASH INDEX

Survey conducted by the RBC Financial Group that measures customer spending and attitudes by each household. The RBC CASH index provides indication of consumer confidence and expectations for the economy.

REAL ESTATE

Real estate includes the land and anything fixed, immovable, or permanently attached to it such as buildings, walls, fixtures, improvements, roads, trees, shrubs, fences, roads, sewers, structures, and utility systems.

REALLY SIMPLE SYNDICATION (RSS)

Form of coding that allows information from one site to be displayed on a computer or another webpage as a continuous stream of information. People can subscribe to feeds that interest them.

RECAST TRIGGER

An event that triggers a recasting of the payment plan for an ARM mortgage. For instance, if the borrower makes a minimum payment for 5 years, the payment schedule can be recast

RECIPROCAL AGREEMENT

1. General: arrangement in which two or more parties agree to share resources. 2. Data backup: Two organizations agree to store backup data. 3. Disaster planning: Each party agrees to allow another

RECORD CREATION

This term refers to a reproduction or production of a recorded or documented information.

RECURRING DEBT

Any debt payments that recur on a regular monthly basis. Examples include child support, alimony and mortgage payments. Lenders consider this debt when evaluating the creditworthiness of a borrower.

REFERENCE BASE PERIOD

The year that is used as a reference point to measure inflation. In the base period, the Consumer Price Index receives a value of 100. If the CPI then goes up to

REFINED PRECIOUS METALS

This term refers to gold, osmium, iridium, palladium, rhodium, platinum, ruthenium, silver at least ‘999 Fine’ in forms such as bars, foils, leaves, powder, sheets, solutions, and wire. See also fineness.

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