The Law Dictionary

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

Category: R

RIGHT OF RESCISSION

The right given to borrowers where they can cancel a mortgage agreement within 3 days of signing the agreement.

RIPARIAN RIGHTS

The allocating of rights to use a body of water by individuals who own property around said body of water.

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.

ROAMING

The use of a cellular phone that is outside its calling area and where outgoing calls may cost more to make.

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

ROUTER

A software or hardware device capable of directing traffic of data between networks. See also hub, gateway, bridge.

RULE OF THUMB

An observation or formula that has been accepted based on practical knowledge and experience and not a scientific law.

RUSSELL INDEXES

An equity that is weighted by market capitalisation that is published by the Frank Russell Company. Various indexes have been established such as the Russell 3000 index that measures the top 3000

RATCHET

An object that moves in merely one direction, typically up

RATE OF NATURAL INCREASE/DECREASE

This rate is calculated by using the birth rate minus the death rate. It is a rate that is equivalent to the population increase or decrease without migration being factored in.

RATIONAL COST ESTIMATING

Rational Cost Estimating is a method where the values of two diverse efforts are compared, with the results being used to project future efforts.

REACTION ADJUSTMENT

A lull in the price of a security or profit of the entire stock market after a rally.

REAL ESTATE BUBBLE

The real estate bubble is distinguished by property values quickly increasing until they outperform other elements of the economy. They are then followed by a sharp decline in property value.

REAL TIME CAPABILITY

The ability of a system or a device to respond within seconds to input or to a command.

REALLY SIMPLE SYNDICATION (RSS)

Form of coding that allows information from one site to be displayed on a computer or another webpage as a continuous stream of information. People can subscribe to feeds that interest them.

REASONABLE TEST

A measurement that is used to determine how valid an action or process is.

RECEIVING

This term refers to the administrative functions that include checking the quantity, quality and condition of any incoming goods followed by their proper storage.

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