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

RESIDUAL PAYMENT

The payment that continues to be received after the services or goods have been provided. An example would be music on a movie sound track that was previously released.

RES GESTAE

Latin- things done. Any facts that are needed to accompany, constitute or explain a gtransaction that is being questioned.

REPORTING FORM

A form used by the insured to send updates on stock value, home improvements and furniture to the insurer.

RESOURCE DRIVEN

The time that is taken to complete a project relying on time taken to group all resources and not the actual time that is available.

RESIDENTIAL SECTOR

The unoccupied or occupied, rented, owned, one or multi-family houses, mobile homes that does not include institutional housing like schools, barracks for example.

REQUIREMENTS

1. Any demands, constraints, needs, necessities needed to be met. 2. Marketing. Standard of benefit, timeliness, cost and value of the product as seen by the customer.

RESOURCE

A factor of production or economy needed for an activity. Basic resources are, labour, land, capital. Others can include information, energy, entrepreneurship, expertise, time and management.

RESPONDEAT SUPERIOR

Latin-Let the chief answer. A superior is responsible for any acts of ommission or commission by a person of less responsibility to him.

RESOURCE DRIVER

The measure of costing the quantity of a resource that will be used by a certain activity. Used to allocate costs that are appropriate to the activity.

RESIDENTIAL

An area used for housing and commercial enterprises.

RESOURCE PLAN

The detailed summary of all resources required to complete a certain project.

RESIDE

To live somewhere such as a town or state.

RESTRICTED ACCOUNT

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

RESTRUCTURING

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

REPUBLICAN

Member of US political party started in the 1850s by a group of Democrats who split from the main party.

RESILIENCE

1. The ability of a material to return to its size and shape after deformation. 2. The ability of a piece of machinery or a system to absorb impact of a component

ROUTINE

1. Any activity performed at regular intervals.2. The repitition of a procedure that does not vary.

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