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

Category: R

REVERSE CULTURE SHOCK

A shock that occurs when an expat citizen comes home after a lengthy overseas stay and has become used to the culture where he has been living.

REVERSIONARY ANNUITY

An annuity that acts as a life insurance policy. Benefits are paid to athe annuitant when the insured dies.

RISK ASSET

1. A bank asset that is affected by credit quality, repricing, interest rate changes etc. 2. Equity capital and assetsof a firm in trouble.

RISK FACTOR

A characteristic that is measurable that can affect the value of assets.

RISK POSITION

The extent of any exposure to a risk expressed in terms of money.

RISKLESS SOCIETY

A fictional environment developed by Gerard Debreu and Dr. Kenneth Arrow where all risks of investment are mitigated by an insurance policy.

ROLE OVERLOAD

The lack of reasonableness or balance in the extent of expectations from the job or person doing the job.

ROOM ONLY RATE

The rate for accommodation that only includes the room and no foods.

ROUNDTABLE

The seating arrangement or a discussion where all people are peers.

RULE OF THUMB

An observation or formula that has been accepted based on practical knowledge and experience and not a scientific law.

RUSSIAN SERVICE

A form of waiter service faster and less expensive than French service . The food is finished off with garnishes etc in the kitchen and brought to the table by one waiter.

RATE OF EXCHANGE

The rate of exchange is the monetary value of a determined amount of foreign currency on any given day.

RATIONAL CHOICE THEORY (RCT)

Attempts to explain social phenomenon in terms of how self-interested individuals make choices under the influence of their preferences. All parties try to maximize their advantage, and to minimize their disadvantages.

REACTIVE STRATEGY

A reactive strategy occurs only when a management team or a manager is pushed or pressured into taking action to the changes that have taken place in a firm?s development.

REAL INVESTMENT

Real investment is money that is invested in tangible and productive assets such as machinery and plant, as opposed to investment in securities or other financial instruments.

REASONABLE PERSON

This term refers to an ordinary person who exercises care while avoiding extremes of boldness and carefulness. This term does not apply the same to each as each age group behaves differently.

RECENCY ERROR

A Flaw or Inaccuracy in performance appraisal or job interview, caused by the evaluator or the interviewer’s dependence on the most recent occurrences of the employee or the applicant’s behavior.

RECOMMENDED DAILY ALLOWANCES (RDA)

Pre-1995 US FDA standards used by food manufacturers in declaring nutritional values of the components foods on the label. Replaced in 1995 by % DV for 10 mandatory and 22 optional food

RECOVERABLES

This term relates to the parts or components of waste materials or damaged items that may still be able to be used .

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