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

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.

REDEEMABLE DEBENTURE

This term refers to an agreement under which a firm issuing a debenture agrees to repay the borrowed amount on a certain date or after a specific period of notice.

REDEEMABLE PREFERRED STOCK

A type of share that is liable to be bought back by the issuers on a specific date or after a specified period of notice. Some jurisdictions prohibit the redemption if it

REDEEMABLE SHARE

If shares are about to expire, a company can purchase them back before hand.

REDEMPTION FEE

1. Banking: Penalty charged by the lender f a mortgage is paid off (1) before its maturity date, (2) after its maturity or foreclosure date. 2. Mutual fund: Penalty charged for withdrawals

REDEVELOPMENT

Improvements made by a land developer including the erection of buildings, facilities, structures, and so on, that follow site enhancement by the local government.

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