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

REMOTE SERVER

A server that is dedicated to handling users that are not on a LAN but need remote access to it. The remote access server allows users to gain access to files and

REMOVAL

the act of removing or state of being removed

REMOVAL COST

Removal cost, defined as the cost of removing any physical material from the original location it was placed in, is an often forgotten cost. Despite this, it can have a huge effect

RENATIONALIZATION

Renationalization can be a risk investors see when investing in a foreign industry of a developing country. Developing countries might begin to privatize industries and assets previously under national control and allow

RENEGOTIABLE RATE LOAN

a type of home loan for which monthly payments stay constant for a term, usually of three to five years, and the interest rate is renegotiated at the end of every such

RENEWAL COMMISSION

Commission paid to an agent after the first year commission has been paid to that agent. Renewal commissions generally form a substantial portion of an agent’s income after four years in the

RENT CONTROL

Rent control refers to laws or ordinances that set price controls on the renting of residential housing. It functions as a price ceiling.

RENTAL POOL

Rental pools can also be used for personal property, such as computers. They are also applicable for installment purchase agreements, where rental revenue from the property is counted toward the purchase price.

RENTAL PROPERTY

A type of property that derives more than 80% of its revenue from dwelling units. Residential rental property uses the 27.5 year modified accelerated cost recovery system (MACRS) schedule for depreciation.

REORDER COST

The expense that is involved when an order is repeated. It may be an internal order for manufacturing or an external order for supplies.

REORDER POINT

The level reached in inventory indication the need for more supplies.

REPAIR

1. General. The restoration of a damaged, broken or failed device to return it to its original intent.2. Quality control. The action that needs to be performed so a product can fulfill

REPAYMENT MORTGAGE

A repayment mortgage is a term generally used in the UK to describe a mortgage in which the monthly repayments consist of repaying the capital amount borrowed as well as the accrued

REPAYMENT PLAN

Plan setup and agreed upon between a borrower and creditor that outlines how the money will be paid back. The repayment plan clearly indicates the original loan amount, how much goes to

REPEAL

To revoke or rescind, especially by an official or formal act. 2. Obsolete To summon back or recall, especially from exile.

REPEATER

1) In digital communication systems, a repeater is a device that receives a digital signal on an electromagnetic or optical transmission medium and regenerates the signal along the next leg of the

REPLACEMENT

1. The act or process of replacing or of being replaced; substitution. 2. One that replaces, especially a person assigned to a vacant military position.

REPLACEMENT RESERVES

An amount of money set aside because building components or equipment will wear out in a relatively short time and need to be replaced.Replacement reserves can be a mere accounting entry as

REPLENISH

To rebuild an amount of money that is available for things such a petty cash fund.

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