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

RESPONSE

1. A reaction to an event or situation aimed at controlling it.2. Behaviour resulting from stimuli. 3. Answers to the plaintiff’s allegations.

RESPONSE DEVICE

Any form or document that is completed and returned for the purpose of making a donation.

RESPONSE TIME

1. Computer system. A. Time between command and action. B. CPU processing time. C. Data retrieval time. D. Transmission time of data. 2. Internet. The time it takes a web site server

RESPONSIBILITY CENTER

The body that has control over revenue management, investment funds and expenses that works in an organisation to establish accounting procedures and practices.

RESTATEMENT

1. A statement of any change in financial statements and 2. to announce chanhge of money between exchanges.

RESTITUTION IN KIND

The situation where an offender is made to make good any losses by the return of the same or new goods to the victim intstead of the paying of damages.

RESTOCKING FEE

The amount that is charged by the seller for the acceptance of ay merchandise that is returned for a refund.

RESTORATION

1. The return of equipment to operational state after repairs. 2. A firm returning to full scale operations after a disaster. 3. Re-establishment of flora and fauna to the ecosystem after a

RESTRICTED ACCOUNT

An account where the asset or margin has fallen lower than its minimum requirements. See Margin; Remargining

RESTRICTED FARE

A fare that has been discounted for some reason during set times and with specific conditions met.

RESTRUCTURING

A fundamental and sometimes drastic change that will alter the relationships within a company or with other companies.

RESULTING TRUST

An implied or constructive trust that is created by the trustorthat is not lawful.

RESUME

The presentation in a formal document or form of a person’s employment history and any skills they possess.

RETAIL AUDIT

The study of selected retail outlets providing a service based on subscription to market research firms. They will gather information ona brand’s volume of sales, trends in sales, levels of stock and

RETAIL BANKING

Banking services such as savings accounts, credit cards, loans that are provided for individuals. See Consumer banking. See coprorate banking and wholesale bankinh.

RETAIL INVENTORY METHOD

The estimated value at the end of an inventory procedure that is based on retail price and cost. Includes the following steps: (1) maintaining detailed records of stock and prices, (2) computation

RETAIL SALES

Spending patterns of consumers that is based on retail sales of goods that will last more than 3 years and those that will last less than 3 years.

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