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

RECOGNITION OF EXPENSE

This term is in reference to the inclusion of revenue in an income account. According to the provisions of GAAP, expense is recognized when incurred, whether it is paid or not.

RECOMMENDED DAILY ALLOWANCES (RDA)

Pre-1995 US FDA standards used by food manufacturers in declaring nutritional values of the components foods on the label. Replaced in 1995 by % DV for 10 mandatory and 22 optional food

RECOMMENDED EXPOSURE LIMIT (REL)

This term refers to the maximum allowable airborne concentration of a substance in a work area. REL can be expressed either as a maximum limit or as a time-weighted average.

RECOMMENDED MAXIMUM CONTAINMENT LEVEL

Non-enforceable principle that indicates the greatest level of a contaminant in drinking water at which no known or anticipated adverse health effects would occur in humans and pets.

RECOMMENDED STANDARD-232 (RS-232)

Older standard for serial data transmission between computers and devices and officially known as an EIA232. A common RS232 cable typically carries data at 20 Kbps, up to a distance of 50

RECONDITIONING

Re-calibrating and servicing equipment to bring it back to near new or original operational level. Reconditioned goods are often of later models and usually in better condition than refurbished goods.

RECONFIRMATION

A requirement where a passenger must confirm at least 72 hours before the flight that they will be on the plane. Otherwise, the airline has the right to assign the seat.

RECORD APPRAISAL

Determination of the retentive values and disposal time of records based on their administrative, audit, fiscal, historical, legal, or operational value to the organizations where they were created or received.

RECORD CLASSIFICATION

The processes in which records are identified and categorized. They are then filed based on their subject matter and category, and then they are assigned a file number for efficient retrieval.

RECORD CONTROL

This term refers to the Administration of files, documents and records created or received by an organization to ensure proper authorization and procedure for handling or having access to records.

RECORD COPY

This term refers to an official copy of an original record or a copy of said record that is not a duplicate, convenience or working copy.

RECORD CREATION

This term refers to a reproduction or production of a recorded or documented information.

RECORD DISPOSITION

This term refers to the final stage of record management in which a record is either destroyed or is permanently retained in a storage facility.

RECORDING

The act of entering documents affecting interests in real estate in the recorder’s office established in each county. Until it is recorded, a deed or mortgage ordinarily is not effective against subsequent

RECORDING FEE

A recording fee is the fee charged by government agencies for recording purchases or sales of real estate. These transactions are required by law to ensure accurate records and recognize ownership.

RECOURSE DEBT

A debt in which the borrower is not backed by any collateral. The lender can collect on the loan payments by way of foreclosure on the security and taking other assets.

RECOURSE LOAN

Loan agreement that a borrower gives an undertaking to repay a debt even if the funded asset cannot be liquidated to cover the loan amount. In case of default, the lender can

RECOVERABLES

This term relates to the parts or components of waste materials or damaged items that may still be able to be used .

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.

RECOVERED MATERIAL

This term refers to the byproducts, parts or components of a waste stream that has been captured and separated for reuse.

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