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

Category: R

REMEDIATION

The action of remedying something, esp the reversal or stopping of damage to the environment

REORDER POINT

The level reached in inventory indication the need for more supplies.

REPOSSESSION

1. Voluntary or forced surrender of goods to the owner due to the inability to pay for them. 2. Legal process where the lender takes back property or assests when the borrower

RESERVE CAPACITY

The capacity that is gteater than that needed to satisfy a peak demand.

RESTRICTED ACCOUNT

An account where the asset or margin has fallen lower than its minimum requirements. See Margin; Remargining

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.

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