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

REVOLVER

An arrangement in credit where the interest and credit limit is periodically renegotiated.

RIFLE APPROACH

A strategy used in marketing where the concentration of efforts is based on a narrow area in order to achieve the objective.

REVERSE TEXT

A printing process where light coloured text is printed onto a dark background.

RICH MEDIA AD

An advertisement on the internet that contains an animation, flashing colours, audio and other range of enhancements.

RIGHT OF FIRST REFUSAL

A right in a contract where the seller must give the other party the chance to match the offer that a third party has given to buy a certain asset.

RIPARIAN RIGHTS

The allocating of rights to use a body of water by individuals who own property around said body of water.

RIPPLE EFFECT

An effect that is indirect but radiates out from the initial effect.

REVERSIONARY CLAUSE

The provision in a deed transfer where the property transferred is reverted to the grantor if a deed condition becomes violated.

RIGHTSIZING

The process where a corporation reorganises or restructures the business by means of cutting costs, rducing the work force or altering upper level management.

RING FENCE

Isolating a project so it is protected from outside risks.

RISK APPRAISER

A person from the insurer who screens all new applications and will approve or decline an application.

REVERSE LOGISTICS

The returning of goods that are damaged or unsold back to gthe supplier or manufacturer.

RIGHT OF SURVIVORSHIP

The legal right given to the last tenant who is still living after a joint tenant has died. They retain absolute ownership of the property.

REMOTE ENVIRONMENT

A collection of properties that describes a region on the mainframe. In the case of diagnostic tools such as Capture and Playback, an RE describes a simulated region.

REVERSE REPO

The arrangement where a broker or dealer buys a security and sells it on a set date at a higher price.

RING TOPOLOGY

A scheme used in cabling networks where a cablesequentially connects all of the nodes and forms a loop that is closed.

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