Category: R

The use of a cellular phone that is outside its calling area and where outgoing calls may cost more to make.

The way in which a budget is set at the start of an accounting period is able to be amended reflecting any variances that arise.

1. An element or component that can be repeatedly restored to a working and serviceable condition. 2. A way of servicing equipment where a failed piece is replaced by a piece that

The selection of minimum distance, cost and time from a umber of alternative options.

A convention where convenants on land are passed from one owner to the next.

This practice, now illegal by state insurance laws, involved charging different rates to insured people with similar attributes.

1. Marketing: The percentages of total audiences who choose one media type over another, i.e. TV versus radio. 2. Securities trading: Ranking of secure debts based on the issuer?s earnings, etc.

The amount of time it takes to perform each individual task in an operation. This number is derived from a study of time, motion, historical information and standard time data.

Reserve, liability, capital accounts and assets, which will appear on a balance sheet. Real account balances will not be cancelled at the period end but are instead carried over into the next

Actual gain or loss that happens when an asset is turned into into cash at fair market value in a transaction. Also called realized gain/loss. See also paper profit (or loss).

This rule refers to the addition of a gain that has been realized on a depreciable asset when the asset has sold for more than its book value, as taxable income

A location or place where the insured’s business is accepted or approved. Under business income coverage, one of the types of properties or assets that may be covered.

This term refers to the Administration of files, documents and records created or received by an organization to ensure proper authorization and procedure for handling or having access to records.

This term relates to the clause within a health insurance policy that specifies the time-period during which a condition is considered a recurrent disability or is considered a different condition.

A type of share that is liable to be bought back by the issuers on a specific date or after a specified period of notice. Some jurisdictions prohibit the redemption if it

Defined by Michael Hammer and James Champy in their 1993 book ‘Reengineering the Corporation’ as “Fundamental rethinking and radical redesign of business process to achieve dramatic improvements in critical measures of performance

This is the period which is used to take advantage of lower interest rates, borrowers replace old debt with new debt.

This term refers to heat that is derived from shredding solid waste that has had glass and metals removed.

Effect of an action, change, or decision returned to amplify what caused it. Reinforcing feedback drives a system increasingly faster in the direction it is already going whether away from its goal

RVU is an acronym that stands for “relative value unit.” Some physician employers such as hospitals and groups use an RVU formula to calculate compensation or bonuses for physicians. An RVU is