The Law Dictionary

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

Category: R

REGISTER OF MEMBERS

Under U. K. legislation, the register records the names and addresses of each shareholder and the number of shares held by each one. It is kept at the registered office.

REGRESSION TOWARDS THE MEAN

The statistical propensity of a data series to gravitate towards the center of a distribution, provided it starts on the either end of the distribution and is free to fluctuate.

REGULATORY AGENCY

A government body formed under the terms of a statute to ensure compliance with the acts provisions.

REINSURANCE ASSUMED

This term refers to the premium amount associated with the supposition of reinsurance.

RELATIVE MARKET SHARE

Relative market share is comparing market share of a company with that of its next biggest competitor. Having a relative Market share of >1 means you are the market leader that outperforms

RELEVANT RANGE

The upper and lower levels of activity within which the business expects to be operating within the short-term planning horizon (the budget period).

REMITTITUR

A court process to reduce the verdict handed down by a jury.

RENEWAL OPTION

A clause in a lease that outlines the terms for renewing or extending an original lease agreement. The renewal option appears as a covenant in the original lease and provides specifications under

REPAIRABLE ITEM

Any item that is capable of being restored to full function and condition after being damaged or found faulty.

REPLICABILITY

The ability to repeat an action ot test in another place and time.

REPUTATION MANAGEMENT

Any actions performed to keep a company in good stead with the community and in the public’s eyes.

RESIDUAL INCOME

1. Net income earned by an investment over the minimum return rate. 2. Income from royalties to the owner.

RESPONSIBILITIES OF DIRECTORS

The responsibilities of non-executive and executive, paid and not paid, de jure and de facto directors. 1. Paying taxes on time. 2. Keeping proper accounts. 3. calling meetings. 4. document filing in

RESTRICTED BIDDING

The invitation to bid that is only sent to selected parties through a pre-qualifying process.

RETAIL AUDIT

The study of selected retail outlets providing a service based on subscription to market research firms. They will gather information ona brand’s volume of sales, trends in sales, levels of stock and

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