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

Category: R

RING THE CASH REGISTER

1. Business. The phrase used in describing products and lines of business that show the most profit. 2. Investments. The phrase used in signifying the time to take any profitsfrom securities by

RISK CURVE

The display on a graph of 2 variables where financial reward is plotted against financial risk. The type of risk is also indicated.

RISK MITIGATION

A reduction, systematic in nature, of exposure to risks and the possibility of its occurence. Called risk reduction.

RISK TOTAL

The sumof non-systematic and systematic risk in trading of securities.

ROAMING

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

ROLLING BUDGET

The way in which a budget is set at the start of an accounting period is able to be amended reflecting any variances that arise.

ROTABLE

1. An element or component that can be repeatedly restored to a working and serviceable condition. 2. A way of servicing equipment where a failed piece is replaced by a piece that

ROUTING

The selection of minimum distance, cost and time from a umber of alternative options.

RUN WITH THE LAND

A convention where convenants on land are passed from one owner to the next.

RATE DISCRIMINATION

This practice, now illegal by state insurance laws, involved charging different rates to insured people with similar attributes.

RATING

1. Marketing: The percentages of total audiences who choose one media type over another, i.e. TV versus radio. 2. Securities trading: Ranking of secure debts based on the issuer?s earnings, etc.

RAW TIME

The amount of time it takes to perform each individual task in an operation. This number is derived from a study of time, motion, historical information and standard time data.

REAL ACCOUNTS

Reserve, liability, capital accounts and assets, which will appear on a balance sheet. Real account balances will not be cancelled at the period end but are instead carried over into the next

REALIZED PROFIT/LOSS

Actual gain or loss that happens when an asset is turned into into cash at fair market value in a transaction. Also called realized gain/loss. See also paper profit (or loss).

RECAPTURE OF DEPRECIATION

This rule refers to the addition of a gain that has been realized on a depreciable asset when the asset has sold for more than its book value, as taxable income

RECIPIENT LOCATION

A location or place where the insured’s business is accepted or approved. Under business income coverage, one of the types of properties or assets that may be covered.

RECORD CONTROL

This term refers to the Administration of files, documents and records created or received by an organization to ensure proper authorization and procedure for handling or having access to records.

RECURRING CLAUSE

This term relates to the clause within a health insurance policy that specifies the time-period during which a condition is considered a recurrent disability or is considered a different condition.

REDEEMABLE PREFERRED STOCK

A type of share that is liable to be bought back by the issuers on a specific date or after a specified period of notice. Some jurisdictions prohibit the redemption if it

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