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

REVERSIBLE EFFECT

A short term adverse effect of health that is reversed with time and the removal of the cause.

REVERSION VALUE

An assets estimated value at the end of the holding period when it is sold.

REVERSIONARY ANNUITY

An annuity that acts as a life insurance policy. Benefits are paid to athe annuitant when the insured dies.

REVERSIONARY CLAUSE

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

REVERSIONARY TRUST

An irrevocable trust in the USA that is revocable after the trustors death or after a set time period has passed.

REVIEW COPY

A bound and printed copy of a book or work that is sent to reviewers before the official date of publication.

REVOCABLE LIVING TRUST

The agreement that relates how the property of an individual is to be distributed during their life time and after their death.

REVOCABLE TRUST

A trust that allows the grantor to revoke and reclaim any property placed in it.

REVOLVER

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

REVOLVING FUND

The establishment of an account that finances the cycle of operations of amounts received.

REWORK

1. The correction of a failed, defective or a non-conforming item. 2. The actaul cost of the correction of defective work.

REWRITABLE

A feature of optical drives that allow them to write, erase and then rewrite data to media such as dvds and cds.

RICH MEDIA AD

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

RICH TEXT FORMAT (RTF)

Developed by Microsoft it is a standard that is compatible with all word processors and allows exchange of digital documents.

RICHTER SCALE

The quantitative measure of an earthquake that is indicative of the energy released at a point 100 miles from its epicentre. It is a logarithmic scale.

RIFLE APPROACH

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

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