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

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.

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

Topic Archives:

Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.