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

Category: R

RESOURCE RECOVERY

The extraction from the waste stream of useful products such as heat energy from burning waste.

RETROACTIVE DATE

A date that may be included in a policy from where no other claims can be made.

RETURN ON COMMON EQUITY

A strategy regarding the return on equity of securities that show the effect the common shares have on a company’s profitability.

REVENUE BASE

The major source and a regular part of total revenue of a government or firm for example.

REVERSE OSMOSIS

A filtering process where a liquid with suspended particles in it is passed through a filter to catch the particles.

REVOLVING FUND

The establishment of an account that finances the cycle of operations of amounts received.

RING TOPOLOGY

A scheme used in cabling networks where a cablesequentially connects all of the nodes and forms a loop that is closed.

RISK NEUTRALITY

An attitude of investors where any loss or gain is of equal chance.

RISK VALUE

The quantity derived by multiplying the probability of a negative impact by its likely impact. Stated in monetary terms.

ROBOT

A machine that is controlled remotely or has been programmed to do certain tasks.

ROLL-ON/ROLL-OFF (RO-RO)

A ship loading method that does not need cranes to lift cargo on. Cargo is driven onto the ship. See LiftOn.

ROTATION

The completion of one cycle, route, process or circuit.

ROYALTY-FREE

Being able to use another person’s intellectual property for no fee.

RUNNING COST

The cost it takes to operate an organisation on a regular basis.

RATE INTERMEDIATION

The practice of borrowing money at lower, short-term interest rates and then lending this money through long term fixed rates, which are typically done at a higher rate of interest.

RATING BUREAU

The Rating Bureau is an organization responsible for classifying rates and hazards of certain risks depending on the geographic area or location.

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

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