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

RUN WITH THE LAND

A convention where convenants on land are passed from one owner to the next.

RUNNING COST

The cost it takes to operate an organisation on a regular basis.

RUNNING ROYALTY

The compensation that is paid to the licensor or franchiser based on number of units sold or produced instead of being paid a lump sum.

RUNNING YIELD

The percentage of income annually from bonds at a set price that ignores any ‘pull’ that is caused by its closeness to its date of redemption.

RUPERT MURDOCH

The billionaire mogul of media who holds the major share in News Corp. An Australian with interests in print, television and music publications.

RURAL

An area that is sparsely populated and located away from a city. Characterised by farming areas, open spaces and vegetation.

RURBAN AREA

A new development of land that is between an area of rural activity and the edge of suburban area that has already been developed.

RUSSELL INDEXES

An equity that is weighted by market capitalisation that is published by the Frank Russell Company. Various indexes have been established such as the Russell 3000 index that measures the top 3000

RUSSIAN SERVICE

A form of waiter service faster and less expensive than French service . The food is finished off with garnishes etc in the kitchen and brought to the table by one waiter.

RUST BOWL

An area with a lot of manufacturing businesses that have all moved operation or closed down.

RUSTING

The result of electro chemical corrosion to iron and steel. It requires water and oxygen and is a form of oxidation.

R-VALUE

A unit of resistance to heat that is used to denote a materials effectiveness to be insulation. It is a determination of the ability to stop the flow of heat.

S CORPORATION

A US corporate structure where the income of the firm is passed to the stockholderss in a proportion to their investment and taxed at rates of personal income tax.

S CURVE

A curve showing growth of a variable in terms of a different variable that is expressed as time units.

SA8000

The international work place quality standard that is based on social accountability.

SABIN

The imperial measurement of sound absorption. One sabin is equal to the power of absorption of one foot squared of a perfect sound absorption material placed in an open window.

SABOTAGE

The intentional and deliberate destruction of property or the obstruction of an activity.

SACK

A unit of cement from Portland that is 94 pounds in the USA and 87.5 pounds in Canada.

SAFE

The amount of exposure that will cause no harm or damage after exposure.

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