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

RANDOM

Events or data that acts ofm its own accord. It will show no recognised pattern or direction that can be plotted for the anticipation of future actions. A random event or action

RANK AND FILE

The general employees that do not include the managerial positions and department heads. It derives from a military term where soldiers stood according to rank and in lines or files.

RANGE CHART (R CHART)

A chart that is used to control the s tability of the variables of a product. A product will be stable over a set range of variables and it will tracked during

RANK AND CUT

A method of decision making that ranks the importance of each project. They are ranked by a set of criteria such as cash flow, risk factors, capital appreciation. The allocation of capital

RAMSEY PRICING

Named after Frank Ramsey, known as the elastic rule. This is a term used to imply that if the market increases the price will increase accordingly. People used to buying a product

RADIATION

1. The transmission of heat through space. It is aharmless form of radiation. 2. The ionising radiation that is emmitted by radio active particles. It is harmful to all living flesh and

RATABLE

1. The quality of an object that allows it to be rated or appriased under certain criteria. 2. A proportionate ratio of the whole. 3. A taxable quantity.

RASTER IMAGE PROCESSOR (RIP)

A device that will translate vector images into images that can be printed by dot matrix printers, laser printers and recognised by scanning equipment. It will produce a bitmap of an image.

RALLY

This term is used to describe the increase in a commodity. This increase will occur after a fall or decline in the value of a product. Often a term that is heard

RASTER GRAPHICS

Do you know about Raster Graphics? These graphics are made up of thousands of tiny pixels. When a raster image is enlarged you can see allof the little dots that go together

RATABLE VALUE

The value of a property on the real estate market. This value is based on the annual rent received for the property. A ratable value will be assessed to determine if any

RAPID PROTOTYPE

A model that is 3 dimensional and generated by a computer from a CAD drawing. The creation of this prototype model is made using different techniques. These techniques are selective laser sintering,

RASTERIZE

The adjustment of a computerised image so that it can be printed by a dot matrix printer or laser printer. The image will be adjusted in such a way that it becomes

RADON PROGENY

A short-lived decay product or radon 222. the isotopes are from the decay from bismuth 214, known as radium C, lead 214, known as radium B and polonium 214 and 218 that

RACK RENT

In the US it is applied to a rent that is excessively high. In the UK it applies to an amount that is not less than 2/3s of the rent a premises

RADIUS OF OPERATION

The area that is covered by a working vehicle. The vehicle operates on behalf of a company within and confined to a certain geographical area.

RACIALISM

Similar to racism where a person is deemed inferior because they belong to a different race of people. That race is a determination of the behaviour that is seen in human beings.

RADIO FREQUENCY INTERFERENCE (RFI)

The noise that is heard when one radio wave is inteferred with by another radio wave of the same length. An electronic buzz that is heard when tuning into radio stations.

PRUDENTIAL RATIOS

Ratios that are used by banks and bank regulatory authorities that are used to monitor and to determine the stability of the banks finances. The ratios are free capital, capital adequacy and

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