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

ROLE PLAYING

The art of acting out a role other than our own in a training situation.

ROLES

A position or job that has certain expectations that go with them.

ROLL UP COSTS

The effect a wage rise has on benefits that are calculated as a percentage of the wage.

ROLLBACK

1. General. The dismantling of current policies and methods to make way for a new or altered approach.2. GATT.The r emoving of all restrictions to trade that are no longer consistent with

ROLLING

A process in shaping metal ingots where it is passed between two rollers to get a set shape and thickness.

ROLLING BUDGET

The way in which a budget is set at the start of an accounting period is able to be amended reflecting any variances that arise.

ROLL-ON/ROLL-OFF (RO-RO)

A ship loading method that does not need cranes to lift cargo on. Cargo is driven onto the ship. See LiftOn.

ROLLOUT

The formal launch of a productor service using media and following a campaign of promotional material.

ROLLOVER RELIEF

Where capital gains tax is not paid as long as the company re-invests in replacing its capital assets.

ROMAN FACE

The upright type face as compared to a slanted type face like italics.

RONALD COASE

Economics Nobel Prize winner for research into transaction costs and right to property.

ROOM ONLY RATE

The rate for accommodation that only includes the room and no foods.

ROOT CAUSE

The main cause for faults or failures even if more causes are evident that began with the initial cause.

ROOT CAUSE ANALYSIS

The evaluation and identification of a cause for failure, problem or undesirable condition.

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