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

Category: R

REPOSITORY

An indefinite storage for items where the item is not likely to be taken from.

RESERVE

The amount of money that is kept aside by the insurer so all debts can be covered.

RESOURCE DRIVER

The measure of costing the quantity of a resource that will be used by a certain activity. Used to allocate costs that are appropriate to the activity.

RESTORATION

1. The return of equipment to operational state after repairs. 2. A firm returning to full scale operations after a disaster. 3. Re-establishment of flora and fauna to the ecosystem after a

RETRENCHMENT

The layoff of employees that is forced by the company’s economic position.

REVALUATION

1. The adjustment up of currency value in respect to another currency value or exchange rate. 2. The adjustment up of the book value of assets.

REVERSE MARKETING

Also called competitive marketing. A proactive approach that can be intensive for procurement og items.

REVOLVER

An arrangement in credit where the interest and credit limit is periodically renegotiated.

RING FENCE

Isolating a project so it is protected from outside risks.

RISK CONDITION

The description of effects that might occur under assumptions of the planand its impact on resources that support the plan.

RISK SHARING

A method of risk management where risk is distributed evenly among all participants.

ROAD SHOW

A major city tour by the team of management and the underwriters of an IPO prior to the offering date that is designed to garner interest for the investment.

RORSCHACH TEST

The technique based on a series of ink blot shapes used to assess personality.

ROUTINE MAINTENANCE

Usually a small scale activity to keep a piece of machinery or equipment in good working order.

RUN TIME

1. The time needed to finish one run. 2. The period time that an item is worked on.

RATE BASE

The Base number used to compute the rate for taxation, a utility charge, a service or other rate.

RATED

Rated is a term that is used in reference of the coverage, which costs more due to a preexisting injury of an insured party.

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