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

RECOVERY PERIOD

1. Economics: The period during which an economy begins to pull out of the trough after a recession. 2. Accounting: The designated period for the depreciation of a firm’s assets.

RECOVERY STRATEGY

Method chosen by an organization to restore operations to normal following a disaster. It includes (1) manual operations, (2) suspending data processing (3) arrange a service provider and (4) backing up essential

RECRUITMENT

The process of identifying and hiring the most qualified candidate either from within or outside of an company for a job vacancy in a most timely and cost effective way.

RECTO

Right hand page of an open publication, usually odd numbered. The title of a book appears always on this page, and so does the contents, preface, introduction, chapter headings, etc.

RECURRENT DISABILITY

This term refers to a disability that is part of a previous disability or a related cause.

RECURRING CLAUSE

This term relates to the clause within a health insurance policy that specifies the time-period during which a condition is considered a recurrent disability or is considered a different condition.

RECURRING COST

This term means the regular cost incurred repeatedly, or for each item produced or each service performed on a recurring or repeated basis.

RECURRING DEBT

Any debt payments that recur on a regular monthly basis. Examples include child support, alimony and mortgage payments. Lenders consider this debt when evaluating the creditworthiness of a borrower.

RECURRING DEMAND

This term refers to the repetitive or periodic request for an item of inventory.

RECURRING ENTRY

A type of transaction, repeated frequently and at fixed intervals. Usually associated with the accounts payable and accounts receivable part of the ledger. An example would be the monthly rent paid for

RECURRING INCOME

Payment received for work ,once completed on a reoccurring basis. This type of income stream allows for a person to continue receiving payments for the same work on a constant basis.

RECURSION

This term refers to self reference: Application of a definition or principle to itself, such as analysis of the term analysis.

RECYCLABILITY

This term refers to ability of waste materials to be captured and separated from the waste stream for conversion into a new item or reused in the same capacity.

RECYCLABLE MATERIAL

This term refers to raw or processed material that can be removed from a waste stream, reused, and repurposed into another item.

RECYCLED MATERIAL CONTENT

The portion of a product’s material expressed usually as a percentage of its total material content that has been recovered from pre-consumer waste or postconsumer waste.

RECYCLING

A strategy to minimize waste in which any reusable materials are recovered from a postconsumer waste stream, and put to the original or different use.

RED CLAUSE

Special provision, written in red ink, in documentary credit where the recipient is permitted to obtain an advance from the corresponding bank on an unsecured basis. The buyer, through the issuing bank

RED INK

Opposite of black ink, this term signifies the colloquial term for a loss or a deficit.

REDACTED DOCUMENT

A redacted document is a document that has been modified, edited or revised and any confidential or sensitive information has been removed from it.

REDACTION

The process of redaction is when a document is modified, edited or reviesed to have all confidential and sensitive information taken out of it.

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