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

Category: R

REVOLVING FUND

The establishment of an account that finances the cycle of operations of amounts received.

RING TOPOLOGY

A scheme used in cabling networks where a cablesequentially connects all of the nodes and forms a loop that is closed.

RISK NEUTRALITY

An attitude of investors where any loss or gain is of equal chance.

RISK VALUE

The quantity derived by multiplying the probability of a negative impact by its likely impact. Stated in monetary terms.

ROBOT

A machine that is controlled remotely or has been programmed to do certain tasks.

ROLL-ON/ROLL-OFF (RO-RO)

A ship loading method that does not need cranes to lift cargo on. Cargo is driven onto the ship. See LiftOn.

ROTATION

The completion of one cycle, route, process or circuit.

ROYALTY-FREE

Being able to use another person’s intellectual property for no fee.

RUNNING COST

The cost it takes to operate an organisation on a regular basis.

RATE INTERMEDIATION

The practice of borrowing money at lower, short-term interest rates and then lending this money through long term fixed rates, which are typically done at a higher rate of interest.

RATING BUREAU

The Rating Bureau is an organization responsible for classifying rates and hazards of certain risks depending on the geographic area or location.

RAZORBLADE MODEL

A business model featuring selling an item at a low price to sell consumable products later. The name refers to the Gillette Company selling handheld razors cheap and then making a profit

REAL ASSET

Real assets are tangible assets such as valuable antiques, artwork, buildings coins, machines, stamp collections, etc., as opposed to items that are financial assets including debentures, shares, bonds and so on.

REALLOCATED FORFEITURES

How the funds left in a retirement plan are allocated when the employee leaves the company before he is vested. The funds are disbursed among other participants or used to cover expenses.

RECAREERING

This term refers to someone making a complete career change later in their life. This change is usually intended to pursue a dream job or a major change in the lifestyle.

RECIPROCAL

1. Inversely related. 2. Relationship in which movement of one party is met with a corresponding movement of the other. 3. Number resulting from dividing 1 by a number except 0.

RECORD COPY

This term refers to an official copy of an original record or a copy of said record that is not a duplicate, convenience or working copy.

RECURRING COST

This term means the regular cost incurred repeatedly, or for each item produced or each service performed on a recurring or repeated basis.

REDEEMABLE SHARE

If shares are about to expire, a company can purchase them back before hand.

Topic Archives:

Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.