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

Category: R

RATIONALIZATION

1. Corporate: Also downsizing; closing down certain units to recognize a company?s core competencies and become efficient. 2. Psychological: Acknowledgment of reasonable and acceptable motives while being unconscious of true motives.

READERSHIP TEST

Also known as a recognition test, a readership test entails asking a random sample of readers of they read a specific advertisement that was included in a particular issue of the publication.

REAL TIME

1. General: Response that appears to take place instantaneously 2. Computer model: Animations corresponding to real life situations 3. Data process: Instant updating 4. Data transmission: Simultaneous transfer of data as opposed

REBOOKING

This term refers to a charge paid by the passenger to change his or her ticket; does not refer to a reissuance.

RECEPTION

1. Social event with food and beverages, arranged to welcome special guests or a newly married couple. 2. Room or area where visitors (1) are received, (2) register for hotel stay

RECOMMENDED STANDARD-232 (RS-232)

Older standard for serial data transmission between computers and devices and officially known as an EIA232. A common RS232 cable typically carries data at 20 Kbps, up to a distance of 50

RECOVERY PERIOD

1. Economics: The period during which an economy begins to pull out of the trough after a recession. 2. Accounting: The designated period for the depreciation of a firm’s assets.

RED CLAUSE

Special provision, written in red ink, in documentary credit where the recipient is permitted to obtain an advance from the corresponding bank on an unsecured basis. The buyer, through the issuing bank

REDUCTIONISM

Material worldview in which compound facts are broken down into conceptual pieces small enough to be measured. The basis of all analysis, reductionism is useful in understanding inanimate things or simple systems.

REFERENCE MARK

This term refers to a letter, figure symbol used in indicating a cross-reference, or referring to a foot or endnote. The most common reference marks are asterisk, dagger, and double dagger.

REFRIGERANT

A specially made chemical used in cooling mechanisms including refrigerators and air conditioners. This chemical acts as the heat carrier and changes from liquid to gas.

REGULAR INCOME

The classification used by the IRS to indicate income that is not eligible for special tax treatment. Reported on a form 1040 or 1040EZ.

RELATIVE PRICE

A relative price is the price of a commodity such as a good or service in terms of another; i.e., the ratio of two prices.

REMANUFACTURING

to refurbish (a used product) by renovating and reassembling its components: to remanufacture a vacuum cleaner.

RENTAL POOL

Rental pools can also be used for personal property, such as computers. They are also applicable for installment purchase agreements, where rental revenue from the property is counted toward the purchase price.

REPORTING REQUIREMENTS

The information that is needed by an organisation, governement departmentor an employer that is needed in a time frame.

RESOURCE DEPENDENCE

The reliance a firm has on any inputs from external sources such a senergy, capital and labour.

RESTITUTION IN KIND

The situation where an offender is made to make good any losses by the return of the same or new goods to the victim intstead of the paying of damages.

RETIRED

The act of being in retirement from working and with no plans to return to work.

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