Category: R

A certificate that is comparable to a lien and distributed by a receiver to cover assets in the event of liquidation. Payments come first, before any other claims can be paid.

This term refers to an arrangement between two parties that allows the roles of buyer and seller to be interchangeable. Each sells to the other and buys from each other.

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

A type of transaction, repeated frequently and at fixed intervals. Usually associated with the accounts payable and accounts receivable part of the ledger. An example would be the monthly rent paid for

Improvements made by a land developer including the erection of buildings, facilities, structures, and so on, that follow site enhancement by the local government.

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 the converting or retooling a facility or plant to handle a different product and/or process. See also: back fitting

This term refers to a small, geographical area.

Term used when rejecting a claim for insurance or if the risk for insurance is deemed to be too great.

Any data that applies to the situation or problem that can help towards finding a solution.

Another name or term for ATM (Automatic teller Machine).

1. The act or process of replacing or of being replaced; substitution. 2. One that replaces, especially a person assigned to a vacant military position.

1. Any demands, constraints, needs, necessities needed to be met. 2. Marketing. Standard of benefit, timeliness, cost and value of the product as seen by the customer.

Usually expressed as a percentage of a project loan. It ois the net cash flow that remains after loan servicing. Called residual cover also.

A doctrine that holds the employer liable for any wrongful acts of any employee in leagl terms.

The presentation in a formal document or form of a person’s employment history and any skills they possess.

The final that is to be paid on rating plan that is retrospective.

The amount made from investment income over the amount held in equity by stockholders.

A loan using the equity in his home to secure another mortgage and gets lumo sums paid preiodically. The loan is paid when the house is sold after the borrowers death.

A process where a company acquires another company and merges its subsidiary company as well.