Category: R

A priority in risk management by the etsablishment of quantitative or qualitative relationships gthat exist between risks and benefits.

Statement of the kind of risks and the extent to which a company will expose it self to risks.

The sum of money that needs to be retained by the savings institutuion in order to leverage any risks that are associated with the day to day running of the business.

The lack of compatibility between expectations of a position or job.

Economics Nobel Prize winner for research into transaction costs and right to property.

The strategy where a business will sell an asset and then want it back at a time in the future.

An older legal ruling that states that abenficiary must have the property left to him, transferred to him within a period of 21 years.

A new development of land that is between an area of rural activity and the edge of suburban area that has already been developed.

The rate in which the value of a capital asset drops due to certain variables such as the wear and tear, physical deterioration or the technological obsolescence of the asset.

1. Behavior guided by reasoning and not by emotions. 2. A Thinking process that uses logical, systematic methods in drawing a conclusion. 3. A person who can draw logical conclusions.

A reaction plan is the action that is taken in a control plan when abnormal events or a non-conforming phenomenon have been detected.

Real estate bought purposely to earn an income versus using the residence as a primary place of residence. A real estate investor will purchase buildings with the intent to rent.

Reasonable cost is a price that is consistent with what a reasonable person would pay in the same or similar circumstances for the same business or for the same or similar item.

Measure of the time elapsed since (1) an advertisement was last published, or (2) the last purchase was made by a customer, or (3) a commercial was last broadcast.

1. Commerce: Seller’s legal right to take back not paid for goods. 2. Land development: Conversion of unusable land into valuable real estate. 3. Recycling: Restoration of materials found in a waste

A debt in which the borrower is not backed by any collateral. The lender can collect on the loan payments by way of foreclosure on the security and taking other assets.

This term refers to self reference: Application of a definition or principle to itself, such as analysis of the term analysis.

A biased practice in which a risk is deemed uninsurable or charged a higher rate due to its locality

This term refers to how a portfolios value is measured or how a transaction is denominated.

A monetary policy aimed at boosting the level of the economy, usually through inflationary means such as reducing the taxation level or public spending.