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

Category: Finance

RECOVERY STRATEGY

Method chosen by an organization to restore operations to normal following a disaster. It includes (1) manual operations, (2) suspending data processing (3) arrange a service provider and (4) backing up essential

RED INK

Opposite of black ink, this term signifies the colloquial term for a loss or a deficit.

REDUNDANT

This term refers to that which goes beyond what is natural or ordinarily necessary

REFERENCE PRICING

This term refers to the strategy in which a product is sold at a price just below its main competing brand.

REFRIGERATION

The process of keeping an item below room temperature by storing the item in a system or substance designed to cool or freeze. A refrigerator is the most commonly used storage item.

REGULATORY CONTROLS

Imposed limitations on the activities of a firm in compliance with the requirements of a regulatory agency.

RELATIVE PURCHASING POWER PARITY

Relative purchasing power parity relates the change in two countries’ expected inflation rates to the change in their exchange rates. Inflation reduces the real purchasing power of a nation’s currency. If a

REMARGINING

The depositing of additional cash into a margin account to meet the minimum margin needs. See Margin Call.

RENTAL PROPERTY

A type of property that derives more than 80% of its revenue from dwelling units. Residential rental property uses the 27.5 year modified accelerated cost recovery system (MACRS) schedule for depreciation.

REPOSITIONING

The changing of a brands status or position among the competing brands. See positioning.

RESEARCH

Basic or applied method of increasing the knowledge by finding new information.

RESOURCE DRIVEN

The time that is taken to complete a project relying on time taken to group all resources and not the actual time that is available.

RESTOCKING FEE

The amount that is charged by the seller for the acceptance of ay merchandise that is returned for a refund.

RETIREMENT

1. The removal of any asset after its sale. 2. Forced or voluntary withdrawal from the job market. 3. Withdrawing a document from circulation. 4. The discharge or satisfaction of an obligation.

REUTERS

A leading company in news and information reporting arpound the world.

REVERSE FULFILLMENT

A method used by companies to return defective goods back to the producer or manufacturer.

REVOCABLE TRUST

A trust that allows the grantor to revoke and reclaim any property placed in it.

RIGHTSIZING

The process where a corporation reorganises or restructures the business by means of cutting costs, rducing the work force or altering upper level management.

RISK CLASSIFICATION

The grouping of risks by their likely impact or estimated costs, occurence and any measures required to counter them.

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