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

Category: R

REPOSITIONING

The changing of a brands status or position among the competing brands. See positioning.

RESEARCH

Basic or applied method of increasing the knowledge by finding new information.

RESOURCE DRIVEN

The time that is taken to complete a project relying on time taken to group all resources and not the actual time that is available.

RESTOCKING FEE

The amount that is charged by the seller for the acceptance of ay merchandise that is returned for a refund.

RETIREMENT

1. The removal of any asset after its sale. 2. Forced or voluntary withdrawal from the job market. 3. Withdrawing a document from circulation. 4. The discharge or satisfaction of an obligation.

REUTERS

A leading company in news and information reporting arpound the world.

REVERSE FULFILLMENT

A method used by companies to return defective goods back to the producer or manufacturer.

REVOCABLE TRUST

A trust that allows the grantor to revoke and reclaim any property placed in it.

RIGHTSIZING

The process where a corporation reorganises or restructures the business by means of cutting costs, rducing the work force or altering upper level management.

RISK CLASSIFICATION

The grouping of risks by their likely impact or estimated costs, occurence and any measures required to counter them.

RISK LIMIT

The amount of risk a person from a firm or bank is allowed to expose his employer to.

RISK RETENTION GROUPS

Liablity insurance held by the policy holders.All policy holders will be in the same business and exposed to the same level of risks.

RIVEST SHAMI ADLEMAN (RSA) METHOD

A key encryption used in PGP or pretty good privacy situations and secure electronic commerce, SEC and is part of ISO and ANSI standards of encryption.

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 AND TERM REFINANCE

To renegotiate the rate or term of a mortgage without changing the amount of said mortgage. This is a common way for borrowers to lock in a lower interest rate.

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