Category: R

The portion of a product’s material expressed usually as a percentage of its total material content that has been recovered from pre-consumer waste or postconsumer waste.

1. Accounting: Procedure of asset depreciation based on a percentage of its book value that lessens every year. 2. Banking: Procedure for calculating the interest amount on the principal balance.

This term refers to written material or literature that is not a part of a main body of files, but is required as an information source.

Materials that can tolerate extremely high temperatures without degrading or softening. Refractory materials include certain ceramics and super alloys, and are found in furnaces, jet and rocket engines, and the shuttle.

This term relates to the inclination that something will revert to a previous lower state.

It can be defined as, a type of humidity that considers the ratio of the actual vapor pressure of the air to the saturation vapor pressure. It is usually expressed in percentage.

A lingering or remainder interest in an estate or trust despite assets being distributed properly to all beneficiaries. A remainder interest may be created based on the future needs of an estate

Commission paid to an agent after the first year commission has been paid to that agent. Renewal commissions generally form a substantial portion of an agent’s income after four years in the

An item or a task that has a variety of data collected for it.

The legal document where a person is inferred to be negligent.

The appropriate planning needed to manage several projects at the same time.

The body that has control over revenue management, investment funds and expenses that works in an organisation to establish accounting procedures and practices.

A person or business selling goods to the public as against a person or business selling to another business.

The provision in an insurance policy that states if the insured dies between certain dates, the policy a face value and the cash value on the date of the death of the

Any m erchandise that has been sold and is then returned to the place of purchase.

Reverse logistics. The practice of collecting any outdated, damaged or goods that are unsold and returning them to the manufacturere or supplier.

An irrevocable trust in the USA that is revocable after the trustors death or after a set time period has passed.

A right in a contract where the seller must give the other party the chance to match the offer that a third party has given to buy a certain asset.

A risk management technique taking steps to remove a hazard, engage in different activities or to end a certain exposure to risk.

A security that is considere to be free from riskof any monetary loss.