The Law Dictionary

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

Category: R

RATE OF DEPRECIATION

The rate in which the value of a capital asset drops due to certain variables such as the wear and tear, physical deterioration or the technological obsolescence of the asset.

RATIONAL

1. Behavior guided by reasoning and not by emotions. 2. A Thinking process that uses logical, systematic methods in drawing a conclusion. 3. A person who can draw logical conclusions.

RAZORBLADE MODEL

A business model featuring selling an item at a low price to sell consumable products later. The name refers to the Gillette Company selling handheld razors cheap and then making a profit

REAL ASSET

Real assets are tangible assets such as valuable antiques, artwork, buildings coins, machines, stamp collections, etc., as opposed to items that are financial assets including debentures, shares, bonds and so on.

REAL RATE OF INTEREST

Interest rate adjusted for the anticipated decline of purchasing power due to inflation, computed by deducting the expected rate of inflation from the interest rate. See also: real interest rate.

REALIZATION GAP

Space between the realization of a need and the launch of the product that satisfies that need.

REASONABLE FORCE

The level of power that is necessary used against another person that is appropriate to protect yourself, family members or property. In extremely dangerous situations, killing the attacker may be justified.

RECEIVABLE DAYS

This term refers to the number of days that a company allows a consumer to pay for the services and goods that they purchase.

RECIPIENT

This term refers to someone who receives something from someone else. The recipient can receive any number of things including a letter, phone call, amount of cash, embrace or message.

RECOGNITIONAL PICKETING

This term refers to organized picketing to compel an employer to recognize a particular union as the sole bargaining agent for the workers.

RECORD INVENTORY

A list of all of the documents, files, and records created/received and maintained by an organization. This listing includes the title, functions, purpose, etc., and aids in the creation of a schedule

RECOVERED ENERGY

Waste energy from heat that is captured and put to use, such as in a jet engine where exhaust is mixed with fuel and ignited in the afterburner to obtain additional thrust.

RECYCLABLE MATERIAL

This term refers to raw or processed material that can be removed from a waste stream, reused, and repurposed into another item.

REDEMPTION PREMIUM

This term refers to the amount by which the call price of a bond exceeds its principal amount or par value.

REFERENT POWER

This term refers to the influence over others that is acquired from being respected and well-liked by them.

REFRACTORY

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.

REGIONAL AIRLINE

U. S. term for an airline that shows annual operating revenue under $100 million dollars

REGISTERED OPTIONS TRADER

A trader on the floor who monitors activity to ensure a fair market. He or she is not required to serve as a market maker unlike a registered trader.

REGULATION M

Regulation M was created to avoid double taxation by allowing the taxes to be passed on to the indivdual investors.

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