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

Category: R

ROOT CAUSE

The main cause for faults or failures even if more causes are evident that began with the initial cause.

ROUTE OF ENTRY

The way a substance is able to enter the body such as ingestion (mouth), inhalation (lungs) or absorption (cintact).

RUSTING

The result of electro chemical corrosion to iron and steel. It requires water and oxygen and is a form of oxidation.

REGRESSION ANALYSIS (RA)

Statistical approach to forecasting conversion in a dependent variable based on change in one or more independent variables. Also known also as curve fitting or line fitting.

RACISM

A set of policies that is exhibited bt a person or persons toward a group of people of a different race. Often antagonistic and confronting. The assumption of lower intelligence and importance

RAILROAD RETIREMENT

This is a plan for retirement that it is only made available to workers employed by the railroad. Other employers not employed by the railroad are not eligible for this retirement benefit.

RATABLE

1. The quality of an object that allows it to be rated or appriased under certain criteria. 2. A proportionate ratio of the whole. 3. A taxable quantity.

RACK JOBBERS

The person who works on behalf of the wholesaler by providing racks that will store the products. It is usually used for products like chips, lollies and other convenience foods. Several rack

RAIN CHECK

A slip or chit that is given when an item is on sale and is unavailable for any reason. Gthe peron is able to buy the item when supplies are restocked. The

RATABLE VALUE

The value of a property on the real estate market. This value is based on the annual rent received for the property. A ratable value will be assessed to determine if any

RACK RATE

The rate that is charged for a hotel room or accommodation when a person just walks in off the street. It is usually more expensive than the rates that are charged by

RAINBOW OPTION

Something that has more than one underlying option associated with it. These options are called colors. Hence the term rainbow option. These factors cannot be combined as one factor.

RACK RENT

In the US it is applied to a rent that is excessively high. In the UK it applies to an amount that is not less than 2/3s of the rent a premises

RALLY

This term is used to describe the increase in a commodity. This increase will occur after a fall or decline in the value of a product. Often a term that is heard

RACKET

An activity that is criminal and people subjected to a racket are usually deceived of their money. Methods used to get money or goods includes bribery, extortion and intimidation. See, What Is

RAMEN PROFITABLE

A term that is used to describe a person or company that is just breaking even by covering all living expenses. It indicates that a company is making more money that it

RAMP UP

The gradual increase in energy, manpower or quantities. Often when a production begins only a small quantity is produced. Over a period of time more and more is produced and moremoney is

RADIATION

1. The transmission of heat through space. It is aharmless form of radiation. 2. The ionising radiation that is emmitted by radio active particles. It is harmful to all living flesh and

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