A rod is a linear unit of measurement that equals 16½ feet. It is historically used in surveying, land measurement, and agriculture.
Role playing is a simulation exercise where participants act out specified roles in a dramatization of an event or situation, aiming to achieve a better understanding by experiencing a realistic simulation. It is especially useful as a training exercise.
A rolling budget, also known as a continuous budget, is a financial planning method that is regularly updated by adding a further budget period, such as a month or a quarter, while concurrently excluding the earliest month or quarter.
In the context of transportation, rolling stock refers to vehicles that move on wheels and are used for the conveyance of goods or passengers. This term is primarily associated with the railroad industry but also broadly covers commercial vehicles like trucks and tractor-trailers.
Rollover refers to replacing a loan or debt with another or changing the institution that invests one's pension plan, without recognition of taxable income.
A type of mortgage commonly used in Canada in which the amortization of the principal is based on a long term, but the interest rate is established for a much shorter term. The loan may be extended, or rolled over, at the end of the shorter term at the current market interest rate.
Rollover relief allows businesses to defer capital gains tax or corporation tax when proceeds from a disposable asset are reinvested, thus potentially increasing any gains from future asset disposals.
A clause included in a contract of sale in which the seller retains the title of goods sold until they have been paid for. Crucial for accountants, it affects stock ownership and requires assessing the commercial substance of transactions.
The top level in a hierarchical computer file system, wherein it contains all the second-level subdirectories on a specific drive, acting as the directory’s initial point of reference.
A rotating shift is a type of work schedule that continually changes the hours of work at predefined intervals. This schedule ensures that work is conducted around the clock, often involving different employees working various shifts over a certain period.
Under the Articles of Association of most UK companies, one-third of the directors must retire each year, ensuring that each director steps down every three years. This allows retiring directors the opportunity to be re-elected, fostering continuity and fresh perspectives.
An individual retirement account (IRA) created by the Taxpayer Relief Act of 1997 that allows capital to accumulate tax-free under certain conditions.
A round file, also commonly referred to as a wastebasket, circular file, or file 13, is a colloquial term used in office environments to describe a trash bin. It symbolizes where unimportant or unwanted documents are discarded.
A round lot refers to the standard quantity of securities or commodities that are traded on an exchange. For stocks, it typically means 100 shares or any number that is easily divisible by 100, while for bonds, it is generally $1,000 or $5,000 par value.
Round tripping refers to various practices where a company engages in transactions that ultimately return to their point of origin, often with manipulative intent. This can include selling and rebuying assets or borrowing and lending money, typically for purposes like money laundering, tax evasion, or inflating financial figures.
A roundhouse is a building used for the maintenance, repair, and storage of railroad equipment, typically featuring a turntable for rotating locomotives to enter multiple stalls.
A rounding error is a computational discrepancy that occurs when the exact representation of a number cannot be stored accurately in a computer due to limitations in precision, leading to an approximation stored with finite digits.
A network component that intelligently joins several networks together. Often used to link an incoming DSL or cable modem connection to a home network, both wired and wireless.
Routing refers to the production method used to determine the sequence of manufacturing steps necessary to complete a product. The routing process is influenced by the type of product and its associated production process.
A Routing Transit Number (RTN) identifies financial institutions in the United States for the purpose of processing payments, such as checks and wire transfers. It is a critical component of effectively managing and routing financial transactions.
A payment made for the right to use the property of another person for gain, often involving intellectual property or natural resources.
A financial structure that primarily involves an oil or gas company spinning off ownership of an oil-producing property to shareholders, allowing for direct revenue distribution without corporate taxation.
RPG refers to two distinct concepts: a genre of games where players assume the roles of characters in a fictional setting, and a high-level programming language developed by IBM in the 1960s to simplify business programming applications.
A Recognized Qualifying Body (RQB) is an organization recognized by a professional accounting institute or association as having the authority to accredit, license, or certify accountants and auditors.
RSS, or Really Simple Syndication, is a family of XML file formats used by news websites and blogs to notify subscribers of updated content. It enables users to stay up-to-date on topics of interest by aggregating content updates in one place.
A Routing Transit Number (RTN) is a nine-digit numerical code used in the United States to identify a specific financial institution. These numbers are essential for various financial transactions, including fund transfers and direct deposits.
A rubber check refers to a check that cannot be processed due to insufficient funds in the account it is drawn from. The term 'rubber' signifies the check's ability to bounce back, similar to a rubber ball, indicating its return to the issuer by the bank.
The Rule Against Perpetuities is a legal doctrine that ensures no contingent interest in property is valid unless it vests not later than 21 years after the death of a specified person living when the interest was created. This rule prevents property from being indefinitely tied up within a family and limits control over future ownership.
The Rule of 72 is an approximation used to determine the number of years required to double the principal at a fixed annual rate of compound interest. By dividing 72 by the annual interest rate, one can estimate the length of time it takes for the initial investment to grow twofold.
The Rule of 78s is a method for computing unearned interest used on installment loans with add-on interest. It distributes the interest charges in a way that results in higher interest expenses earlier in the loan term.
A ruling is an authoritative decision or pronouncement made by a court or an authoritative body like the IRS, which provides a formal decision on a matter of law.
A comprehensive guide on the multifaceted usage and implications of the term 'run' across different domains such as banking and computers.
Run of Paper (ROP) advertising refers to newspaper advertisements whose placement is determined solely at the discretion of the publisher, usually at a lower rate compared to specifically placed ads.
Run of Schedule (ROS) refers to advertising time that is allocated wherever in the broadcast schedule the radio or television station sees fit, usually at a lower cost compared to fixed or peak time slots.
Refers to perpetual rights or restrictions that affect all current and future owners of a property, as opposed to personal agreements not transferred with the deed.
Runaway refers to being out of control, typically used in reference to inflation or other undesirable economic phenomena.
A rundown is a concise report or summary providing an overview of the status or key points of a specific situation, topic, or project.
The expenditure incurred in order to carry out the operations of a fixed asset. Examples are power, maintenance, and consumable materials for a machine or fuel, oil, tires, and servicing for motor vehicles.
Running yield, often referred to simply as yield, is a financial metric used to measure the annual income generated by an investment relative to its current market price.
Rural areas are regions located outside of larger and moderate-sized cities and surrounding population concentrations, generally characterized by farms, ranches, small towns, and unpopulated regions.
Rurban areas are regions on the fringe of urban development that are in the process of being developed for urban uses.
The Rust Belt is a region in the United States, predominantly including areas in Pennsylvania, West Virginia, and the industrial Midwest, characterized by a high concentration of industries focused on iron and steel production. It broadly represents traditional American manufacturing sectors with largely unmodernized plants and facilities.
Thomson Reuters is a leading multinational media conglomerate that delivers news, information, and tools for professionals across various industries.
Total revenue is the amount of revenue a firm receives from sales at varying levels of output.
Value Added Tax (VAT) registration is an obligation for businesses making taxable supplies that exceed a set registration threshold within a specific period, requiring them to register for VAT.
