Category: R

Knowledge that requires only an ordinary level of smarts to realize that a certain fact exists, or that there are sufficient and reasonable grounds for its existence.

This term refers to a charge paid by the passenger to change his or her ticket; does not refer to a reissuance.

A Flaw or Inaccuracy in performance appraisal or job interview, caused by the evaluator or the interviewer’s dependence on the most recent occurrences of the employee or the applicant’s behavior.

This term is used in reference to two departments performing identical duties within one company. There will be matching charges made in each department.

A requirement where a passenger must confirm at least 72 hours before the flight that they will be on the plane. Otherwise, the airline has the right to assign the seat.

The act of entering documents affecting interests in real estate in the recorder’s office established in each county. Until it is recorded, a deed or mortgage ordinarily is not effective against subsequent

This term refers to a disability that is part of a previous disability or a related cause.

The process of redaction is when a document is modified, edited or reviesed to have all confidential and sensitive information taken out of it.

This term is in reference to a policy whose cash value can be used to buy paid-up insurance in the highest amount that it can afford to buy.

The act of contacting previous employers of a job applicant to determine his or her job history. Reference check may also include checking with schools attended by the applicant to verify education.

This term refers to acquiring a new, larger loan that retires an older, smaller loan over a longer term, using the same assets as collateral.

Bringing older or damaged equipment to either a better looking or workable condition. They are usually in better condition than reconditioned items.

Under U. K. legislation, the register records the names and addresses of each shareholder and the number of shares held by each one. It is kept at the registered office.

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.

A government body formed under the terms of a statute to ensure compliance with the acts provisions.

This term refers to the premium amount associated with the supposition of reinsurance.

Relative market share is comparing market share of a company with that of its next biggest competitor. Having a relative Market share of >1 means you are the market leader that outperforms

The upper and lower levels of activity within which the business expects to be operating within the short-term planning horizon (the budget period).

A court process to reduce the verdict handed down by a jury.

A clause in a lease that outlines the terms for renewing or extending an original lease agreement. The renewal option appears as a covenant in the original lease and provides specifications under