Category: R

1. Accounting: Procedure of asset depreciation based on a percentage of its book value that lessens every year. 2. Banking: Procedure for calculating the interest amount on the principal balance.

This term refers to written material or literature that is not a part of a main body of files, but is required as an information source.

Materials that can tolerate extremely high temperatures without degrading or softening. Refractory materials include certain ceramics and super alloys, and are found in furnaces, jet and rocket engines, and the shuttle.

This term relates to the inclination that something will revert to a previous lower state.

It can be defined as, a type of humidity that considers the ratio of the actual vapor pressure of the air to the saturation vapor pressure. It is usually expressed in percentage.

A lingering or remainder interest in an estate or trust despite assets being distributed properly to all beneficiaries. A remainder interest may be created based on the future needs of an estate

Commission paid to an agent after the first year commission has been paid to that agent. Renewal commissions generally form a substantial portion of an agent’s income after four years in the

An item or a task that has a variety of data collected for it.

The legal document where a person is inferred to be negligent.

A Medicare scale used in determining how a doctor or doctors are compensated.

1. A statement of any change in financial statements and 2. to announce chanhge of money between exchanges.

The number in years that records must be kept as stated by law.

A benefit equal to the amount of premiums paid, minus claim amounts, will be paid during a set period of time if claims don’t exceed a set percentage of premiums paid.

The way an item can be used repeatedly compared to a one use item.

A method where a product is de-constructed to see how it was made initially.

A bound and printed copy of a book or work that is sent to reviewers before the official date of publication.

The right to property by the person who is the short or long term holder of the property.

Fund and other resource allocation to identified areas that have the highest potential or actual adverse impact.

1. Known with certainty. 2. The interest rate on a virtually free from risk investment.

The rate of return that is needed to be able to attract loan capital or equity for an investment.