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

REUSE

A way of re-introducing a by-product or waste product back into the process of manufacturing.

REUTERS

A leading company in news and information reporting arpound the world.

REVALIDATION

An official confirmation or approval of a document such as a ticket after it has expired or changed.

REVALUATION

1. The adjustment up of currency value in respect to another currency value or exchange rate. 2. The adjustment up of the book value of assets.

REVALUATION RESERVE

An account kept in reserve to record any surplus that is cfeated with the re-valuing of assets.

REVENUE BASE

The major source and a regular part of total revenue of a government or firm for example.

REVENUE PROJECT

A project that does not need an investment of capital but requires continuing expenditure.

REVENUE RESERVE

The revenue reserve is that part of profit which has not been given to the shareholder but retained in the buisness for further growth. Hence revenue reserve, is the part of profits

REVENUE SHARING

Where an individual, corporationor business needs to pay taxes on any income that is earned another state.

REVERSE ANNUITY MORTGAGE

A loan using the equity in his home to secure another mortgage and gets lumo sums paid preiodically. The loan is paid when the house is sold after the borrowers death.

REVERSE APPRAISAL

The evaluation of the behaviour of management and the employees effectiveness.

REVERSE AUCTION

An auction where more than one seller is selling items and are competing for a price that is acceptable to the buyer.

REVERSE CULTURE SHOCK

A shock that occurs when an expat citizen comes home after a lengthy overseas stay and has become used to the culture where he has been living.

REVERSE DISCRIMINATION

1. The bias that is shown againstb a majority group and a min ority group. 2. Any act of giving anything to one group causes automatic discrimination over evry other group.

REVERSE DISTRIBUTION

Reverse logistics. The practice of collecting any outdated, damaged or goods that are unsold and returning them to the manufacturere or supplier.

REVERSE EXCHANGE

The exchange of a property before the previuos property has been given up. Opposite of deferred exchange.

REVERSE FULFILLMENT

A method used by companies to return defective goods back to the producer or manufacturer.

REVERSE LOGISTICS

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

REVERSE MARKETING

Also called competitive marketing. A proactive approach that can be intensive for procurement og items.

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