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

Category: R

REPUBLICAN

Member of US political party started in the 1850s by a group of Democrats who split from the main party.

RESIDENTIAL SECTOR

The unoccupied or occupied, rented, owned, one or multi-family houses, mobile homes that does not include institutional housing like schools, barracks for example.

RESPONDEAT SUPERIOR

Latin-Let the chief answer. A superior is responsible for any acts of ommission or commission by a person of less responsibility to him.

RESULTING TRUST

An implied or constructive trust that is created by the trustorthat is not lawful.

RETROFITTING

The action of modifying present equipment with new parts to enable it to perform its job.

REVENUE SHARING

Where an individual, corporationor business needs to pay taxes on any income that is earned another state.

REVERSE TEXT

A printing process where light coloured text is printed onto a dark background.

RISK EQUIVALENT

The amount in dollars that represents any probable loss from a possible risk.

RISK PARTICIPATION

Similare to risk sharing in that a bank in difficulties financially will offer a risk to another bank to manage.

RISK-ADJUSTED CAPITAL RATIO

The tool used to measure how a financial institution is able to withstand a recession or risk that is a reflection of ite capital.

ROLE

The expected behaviour that is associated with a position or the status within a organisation or group. See Roles.

ROLLOVER RELIEF

Where capital gains tax is not paid as long as the company re-invests in replacing its capital assets.

ROUGH CUT

An approximate measure that estimates a quantity’s soundness.

RUCKER PLAN

An incentive plan for workers to save costs based on a formula relating labour costs to a share of cost of production.

RUPERT MURDOCH

The billionaire mogul of media who holds the major share in News Corp. An Australian with interests in print, television and music publications.

RATE MANUAL

The handbook or manual that contains all of the rates for coverage. This manual may contain other items including the guidelines to field underwriting, agent guidelines, and cash forfeiture values.

RATIO ANALYSIS

This important technique of financial analysis where quantities are converted into ratios for meaningful comparisons, with past ratios and ratios of other firms. Ratio analysis determines trends, strengths or weaknesses.

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