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

Category: R

RICH MEDIA AD

An advertisement on the internet that contains an animation, flashing colours, audio and other range of enhancements.

RISK ANALYSIS

1. Corporate. A component of risk management consisting of identification, determination, evaluation and application. 2. Food industry. According to WHO/FAO it is the risk assessment, risk management and communication of risks.

RISK ESTIMATION

1.An expression of duration, magnitude, intensity and raech of a potential risk in montary terms. 2. The probability that exposure to a substance wikll have an adverse effect on an organism.

RISK PERCEPTION

The belief that is held about the possibility of a risk event occuring or the extent and timing of the risk.

RISK-ADJUSTED RETURN

The rate-of-return, ROR, on an investment from which the ROR on a different investment is deducted as long as the risk is similar.

ROLE AMBIGUITY

In Human Resource Management where the position is poorly presented and there is a lack of clear understanding.

ROMAN FACE

The upright type face as compared to a slanted type face like italics.

ROUND THE WORLD FARE

The fare that allows you to travel around the world in one direction with as many stops as you want.

RUGBY PROCESS

A process in deveolping products where the stages overlap instead of being defined.

RURAL

An area that is sparsely populated and located away from a city. Characterised by farming areas, open spaces and vegetation.

RATE OF CHANGE

Shown as a relative amount between changes in variables over a precise period. Stock traders depend on the swiftness of change of one stock price relative to another stocks price.

RATIO TEST

A test where a certain number of employees on the low end of the pay scale must equal 70 percent of the employees on the high end of the scale.

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.

REASONABLE COMPENSATION

Reasonable compensation is compensation, which is consistent with the normal reward for any employee for the work performed or duties that are involved.

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.

RECKLESS DISREGARD

Indifferent and conscious contempt of others’ reputation or rights, the dangerous consequences of one’s action. In defamation cases, the defendant’s malicious intent is judged against the standard of ‘reckless disregard for truth.’

RECORDING FEE

A recording fee is the fee charged by government agencies for recording purchases or sales of real estate. These transactions are required by law to ensure accurate records and recognize ownership.

RECURRING INCOME

Payment received for work ,once completed on a reoccurring basis. This type of income stream allows for a person to continue receiving payments for the same work on a constant basis.

REDISTRIBUTION OF WEALTH

Fundamental principle of most modern economies whereby a nation’s wealth is channeled, from those who have more to those below a certain income level, through taxes that pay for welfare.

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