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

Category: R

ROLLING

A process in shaping metal ingots where it is passed between two rollers to get a set shape and thickness.

ROOT MEAN SQUARE (RMS)

A mathematical value calculated by taking the square root of the mean of square roots in a random set of varying quantities observed during a certain cycle. A cycle like an alternating

ROUTINE

1. Any activity performed at regular intervals.2. The repitition of a procedure that does not vary.

RUN RATE

The projected profit of a company is studied in order to make next years investment decisions.

REGRESSION TOWARDS THE MEAN

The statistical propensity of a data series to gravitate towards the center of a distribution, provided it starts on the either end of the distribution and is free to fluctuate.

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.

RAW LAND

When land is found in its natural state, it is called raw land. This means that there have been no manmade improvements such as clearing, digging, grading, cleaning and more.

READJUSTMENT INCOME

Income essential for the family of a deceased primary wage earner. This income allows the surviving family member?s time to readjust their spending habits to accommodate their new level of income

REALIZATION

1. Change of assets, goods, or services into cash or receivables through sale. 2. Recognition of revenue when the title passes from seller to the buyer with the creation of a responsibility

RECALL RATIO

This term refers to the number of records gathered in a database search divided by the total number of records indexed on that subject in the catalog. See also precision ratio.

RECIDIVISM

Within the environment of health insurance, this term is used in reference to the regularity with which an insured returns to the hospital for inpatient treatment due to the same complaint.

RECORD APPRAISAL

Determination of the retentive values and disposal time of records based on their administrative, audit, fiscal, historical, legal, or operational value to the organizations where they were created or received.

RECTO

Right hand page of an open publication, usually odd numbered. The title of a book appears always on this page, and so does the contents, preface, introduction, chapter headings, etc.

REDACTION

The process of redaction is when a document is modified, edited or reviesed to have all confidential and sensitive information taken out of it.

REEFER CARGO

This term refers to a shipment that requries a temperature controlled environment.

REFERRAL

This term refers to the recommendation by a patients primary care doctor that they see an additional doctor, usually a specialist.

REFURBISHING

Bringing older or damaged equipment to either a better looking or workable condition. They are usually in better condition than reconditioned items.

REHYPOTHECATION

US practice in securities trading whereby under particular circumstances a broker may use securities in his or her possession but owned by another person as collateral to raise a loan to cover

RELATIVE VALUE

A method of determining an asset’s value that takes into account the value of similar assets. In contrast, absolute value looks only at an asset’s intrinsic value and does not compare it

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