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

Category: R

RECYCLABLE MATERIAL

This term refers to raw or processed material that can be removed from a waste stream, reused, and repurposed into another item.

REDUCING AGENT

A Material that brings about reduction or depletion of oxygen or the addition of hydrogen in other substances by being oxidized in a chemical reaction. Also known as reluctant.

REFERENCE DOSE (RFD)

This term refers to the concentration of a chemical of which adverse effects on human health knowingly occur. See also acceptable daily intake.

REFRACTIVE INDEX

This term refers to the measure of bending a ray of light as it passes from one object or medium to another.

REGISTERED OWNER

Owner whose name is recorded in a security issuer’s registers as the security’s owner and is entitled to receive dividend or interest and principal payouts. Also called record holder.

RELATIVE FAIR MARKET VALUE

A way of allocating a lump-sum or ‘basket’ purchase price to the individual assets acquired based on their respective market values.

RELIANCE LETTER

An assessment of environmental conditions pertaining to possible contamination of a site. Provided to potential purchasers or lenders for the property.

RENEGOTIABLE RATE LOAN

a type of home loan for which monthly payments stay constant for a term, usually of three to five years, and the interest rate is renegotiated at the end of every such

REPORT FORMAT

An arrangement for the presentation of balance sheets where assests are listed from the top of the page followed by liabilities.

RES GESTAE

Latin- things done. Any facts that are needed to accompany, constitute or explain a gtransaction that is being questioned.

RESOURCE

A factor of production or economy needed for an activity. Basic resources are, labour, land, capital. Others can include information, energy, entrepreneurship, expertise, time and management.

RETAIL SALES

Spending patterns of consumers that is based on retail sales of goods that will last more than 3 years and those that will last less than 3 years.

RETURN OF CAPITAL

An inflow of cash from sale of capital assets, depreciation or savings on tax that is not related to other eatained or accumulated earnings.

RETURNMENT

A term derived from reirement when a previuosly retired person returns to work at his previous place of employment.

REVERSE DISCRIMINATION

1. The bias that is shown againstb a majority group and a min ority group. 2. Any act of giving anything to one group causes automatic discrimination over evry other group.

REVERSIONARY CLAUSE

The provision in a deed transfer where the property transferred is reverted to the grantor if a deed condition becomes violated.

RIFLE APPROACH

A strategy used in marketing where the concentration of efforts is based on a narrow area in order to achieve the objective.

RISK ASSUMPTION

1. Law. Doctrine of negligence used in the defense of a personal injury suit. 2. Risk management. A practice of the absorption of minor losses but protecting against large and catastrophic losses.

RISK FREE

The certain and known outcome of a transaction, investment or asset.

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