Period determined from trade practice, custom, trade practice, or from circumstances like those at issue, as the time required completing a transaction or contract without a specific maturity date.

This term refers to a company that obtains reinsurance coverage

This term refers to a charge paid by the passenger to change his or her ticket; does not refer to a reissuance.

This term refers to the returning of something back to its original factory specifications, by carrying out replacement of parts or repair as necessary. See also reconditioning, refurbishing, and remanufacturing.

1. Remembrance of what has been heard, seen. Also, see: recall test. 2. Removal of a contaminated or defective good by its manufacturer , either voluntarily or when forced by a watchdog

This term refers to the number of records gathered in a database search divided by the total number of records indexed on that subject in the catalog. See also precision ratio.

The advertising effect of print media when a subject is asked if he or she remembers any of the advertising messages. Prompted recollection is aided recall, unprompted is called unaided recall.

This rule refers to the addition of a gain that has been realized on a depreciable asset when the asset has sold for more than its book value, as taxable income

This term refers to someone making a complete career change later in their life. This change is usually intended to pursue a dream job or a major change in the lifestyle.

An event that triggers a recasting of the payment plan for an ARM mortgage. For instance, if the borrower makes a minimum payment for 5 years, the payment schedule can be recast

To acquire or get something. Someone can receive an item such as a letter or a gift or can receive something non-tangible such as a word of encouragement or praise.

A certificate that is comparable to a lien and distributed by a receiver to cover assets in the event of liquidation. Payments come first, before any other claims can be paid.

This term refers to the administrative functions that include checking the quantity, quality and condition of any incoming goods followed by their proper storage.

Measure of the time elapsed since (1) an advertisement was last published, or (2) the last purchase was made by a customer, or (3) a commercial was last broadcast.

The idea that once a customer makes a purchase from a company, they are more likely to buy the same product or other products that are offered by the same company.

A Flaw or Inaccuracy in performance appraisal or job interview, caused by the evaluator or the interviewer’s dependence on the most recent occurrences of the employee or the applicant’s behavior.

Media planning tactic that indicates that advertising at a lower weight but a higher, consistent frequency is more successful than advertising at a higher weight but a lower, sporadic frequency.

This term refers to the revision of already published work due to the discovery of new information. See also: Redaction

1. Social event with food and beverages, arranged to welcome special guests or a newly married couple. 2. Room or area where visitors (1) are received, (2) register for hotel stay

The first point of contact in an office; receptionists are seated at the entrance and do a variety of tasks including answering phones, distributing mail, signing for packages, office upkeep.