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businessballs - business and management terms Category: Management > business and management Date & country: 13/09/2014, USA Words: 1681

Registered Trademark
A distinctive symbol, name, etc., on a product or company, which is registered and protected by law so it cannot legally be used by anyone else

Registrar
A person in a company or organisation who is in charge of official records

Registration Statement
In the US, a legal document containing details about a company's activities, financial status, etc., which must be submitted to the SEC (Securities and Exchange Commission) before the company can issue shares

Remunerate
To pay a person for services rendered, goods, losses incurred, etc

Renewal Notice
An advanced notice of payment required to renew insurance cover, subscription, etc., by a certain date

Rental Fleet
Cars, vans, etc., which a business leases from a vehicle leasing company for its workers to use, usually sales teams, executives, service engineers, etc

Reporting Line
In a business or organisation, employees, managers, etc., who report to the next person higher up, usually their boss

Repossess
To take back property, goods, etc., usually from an individual or organisation who has failed to repay a loan or has defaulted on a repayment plan

Repudiate
Refusal to perform a contractual duty or repay a debt

Requisition
An official written request or demand for something

Rescind
To make void or cancel, for example a law or contract

Research
The gathering of information, facts, data, etc., about a particular subject

Reserve Currency
A foreign currency which is permanently held by a country's central bank, and is used for international transactions

Reserve Price
The lowest fixed price at which a seller will sell an item at auction. If the bidding does not reach the reserve price then the item is not sold unless the highest bidder comes to an arrangement with the seller

Residual Income
Part of a person's income which is left over after taxes and living expenses, for example mortgage, bills, etc., have been deducted

Residual Value
Also Called Salvage Value. The market value of an asset which is no longer in use or has reached the end of its useful life

Resource Allocation
The process of assigning available finances, materials, labour, etc., to a project

Restitution
Money paid by an offender in compensation for loss, damages or injury. To give something back to its rightful owner

Restriction of Trade
An aspect of business and employment law referring to the unfair/unlawful limiting of a person's right to earn a living, or to pursue a legitimate occupation.

Restrictive Practice
A trading agreement between businesses or industries which prevents free competition. The practice of workers, often trade unions, of protecting their jobs in a manner which limits the freedom of other workers

Retail Banking
Also called Consumer Banking. Banking services provided directly to the public, such as savings accounts, credit/debit cards, mortgages, etc

Retail Investor
Also called Small Investor. An individual who buys and sells shares, etc., for themselves, usually in small quantities

Retail Park
Usually situated on the outskirts of a large town, a large retail development consisting of shops, stores, car parking, and often cinemas and restaurants

Retail Price Index
RPI. An inflation indicator, usually calculated on a monthly basis, reflected in the retail price of everyday goods, such as food, fuel, fares, etc

Retail Therapy
Shopping which is done for enjoyment and to relieve stress

Retailer
A business or individual who sells products or services directly to the customer

Retained Earnings
The earnings of a business or company which is used for reinvestment, rather than being distributed to shareholders as dividends

Retained Profits
A business profit, after tax and dividend payments to shareholders, which is retained by the business and often used for reinvestment

Retainer
A fee paid in advance to someone, such as a lawyer, to engage their services as and when they are required

Retrench
To cut down on spending, economise, for example to reduce a workforce

Return On Assets
ROA. Net income divided by total cost or value of assets. The more expensive a company's assets, the less profit the assets will generate

Return On Capital Employed
ROCE. A company's financial indicator which compares earnings with the company's capital investments.

Reverse Auction
A type of auction in which there are several sellers and only one buyer. The buyer usually purchases the goods or service from the seller who offers the lowest price

Reverse Billing
A payment method used for messaging on mobile phones in which the recipient pays for the text message

Reverse Merger
When a private company acquires the majority of a public company's shares, therefore enabling the private company to get a public listing on the stock exchange

Revolving Credit
A type of credit agreement, e.g., a credit card, in which a person is given a specified credit limit which can be paid in full or in part, usually on a monthly basis. If the amount owing is paid in full in the first month then usually no interest is charged. When the full credit limit has been reached a payment must be made before the credit card can be used again

Rider
An attachment which makes amendments or provisions to an original contract or official document. In the entertainment industry, a rider is a list of demands made by a performer, usually before a show, sometimes including particular foods and drinks, hotels and transport, free tickets for friends and family, etc

Rights Issue
The issuing of new shares which are offered to a company's existing shareholders at a fixed price, usually lower than the market price

Risk
In business, especially insurance, the amount of money a company stands to lose, or the threat of an action or event which will have an adverse effect on a business

Roaming
A service which enables a person to connect to the Internet, or use their mobile phone, while they are travelling

Rogue Trader
A stockbroker who makes unauthorised, usually high risk, trades on behalf of their employer, often resulting in huge losses

Roll-On Roll-Off
Ro-Ro. In the UK, describes ferries which vehicles can be driven onto at one end and driven off at the other end on reaching their destination

Rolling Contract
A contract which runs for a specific period of time and continues to be renewed for further periods, subject to review

Round Lot
Also called Normal Trading Unit. A block of shares, usually 100, which is traded on the Stock Market

Route 128
Also known as Yankee Division Highway. A highway encircling Boston , Massachusetts, which is associated with the technology industry

Router
A device which connects at least two computer networks and sends data from one to the other

Royalty
A fee paid for the use of another person's property, for example a copyrighted work, a patent, a franchise, etc. A payment made to a writer, composer or singer when a book, CD or performance of their work is sold. A share of the profit paid to the owner of the land which an oil or mining company is leasing

RSI
Repetitive Strain/Stress Injury. Damage caused to hands, arms and neck due to continual computer use, or by repetitive movements while performing a task

Rubber Cheque
A cheque which bounces, due to insufficient funds in the account of the person who wrote the cheque for it to be cleared by the bank

Run Of Network
RON. Describes when an advertisement is placed on any page on one or more websites and the advertisers have no say where their advert is placed, usually because the advertising rates are cheaper

Running Cost
The day to day running costs of a business, for example wages, rent, utilities, etc

Rush Hour
The peak periods at the beginning and end of the day, usually longer than an hour, when people are travelling to and from work.

Rust Belt
Also called The Manufacturing Belt. In the US, an area which contains many old, unmodernised factories, such as steel works, many of which are now closed or not very profitable.

Sabotage
To deliberately destroy or damage property, tools, or machinery in order to hinder production. To cause an obstruction to something in order to make it unsuccessful

Safety Stock
Also called Buffer Stock. Extra stock kept by a company or business in case of extra demand or late deliveries of new stock

Salami Slicing
The process of carrying out small actions or removing something in very small amounts so that it goes unnoticed, i.e., stealing money

Salary
An employees wages which are paid on a regular basis for performing their job

Sale And Leaseback
An arrangement in which property, machinery, etc., is sold to a business or individual, who then immediately leases it back to the seller

Sale Or Return
An agreement in which unsold goods can be returned to the supplier without the goods having to be paid for.

Sales Conference
A meeting at which members of a company's sales team(s) are brought together to discuss or review ways of marketing the company's products or services

Sales Ledger
Also known as Accounts Receivable. A company's record of transactions for goods and/or services which have been provided to a customer, and for which money is still owed

Sales Pitch
A salespersons attempts to persuade a potential customer to buy something, often using demonstration and argument

Sales Resistance
The refusal of a potential customer to buy a product or service, often as a result of aggressive selling practices

Sales Tax
Known as VAT (Value Added Tax) in the UK. A tax based on the cost of a product or service which must be paid by the buyer. This tax does not apply to all goods or services

Salvage Value
Also known as Residual Value. The estimated value of an asset, for example a piece of machinery, which is to be scrapped or removed

Sandbagging
In a court of law, the practice by a lawyer of not mentioning a possible error which has occurred during a trial in the hope that it goes unnoticed and the lawyer can then use it as a basis for appeal

Sandwich Course
In the UK, an educational course, sometimes lasting three or four years, which involves alternate periods of study, e.g. at university, and periods of work experience in business or industry.

Scalability
The ability of a computer network, software, etc., to expand and adapt to increased demands of users. A system which can work on a small or large scale according to demand

Scam
Means of making money by deceit or fraud

Scarcity Value
A situation where the more scarce an item is, the more its worth

Schadenfreude
German word derived from Schaden (damage, harm) and Freude (joy). Malicious pleasure derived from the misfortune and suffering of others. Typically felt by individuals with low self-esteem

Scheme Of Arrangement
In the UK, a legal agreement between a company and its shareholders and/or creditors in which the company will pay what debts it can as an alternative to bankruptcy

Schism
A split or division in a group into opposing factions, caused by differences of opinion

Scorched-Earth Policy
A situation in which a company tries to prevent a hostile take-over by selling off its most valuable assets, thereby making the company unattractive to a potential buyer. Derives from a military strategy of 'leaving nothing for the enemy' by burning crops, buildings, etc

Screen-Based Activity
A task which is carried out using a computer

Screening Interview
A brief, first interview, sometimes over the phone, with a company looking for potential job applicants. This process weeds out unsuitable applicants, and successful ones go on to the next stage of interviews

Screensaver
A moving image on a computer screen which appears when there has been no screen activity for a specific time. Screensaver programs were originally used to prevent damage to the screen

Scrip
A certificate which entitles someone to a parcel of shares. An issue of additional shares given to existing shareholders instead of dividends

SD Card
Secure Digital Card. A small memory card used in portable devices such as mobile phones, cameras, etc

Sealed Bid
A bid to buy an item, or a cost estimate for a contract, which is kept secret in a sealed envelope until all the bids have been received and are opened together

SEAQ
Stock Exchange Automated Quotation system. In the UK, a system used on the London Stock Exchange which continuously updates share prices and shows the information on computer screens around the world

Search Engine
Google, Bing, Yahoo, etc., are examples of Search Engines which locate, list and rank (according to various crietria and unknown algorithms) relevant websites and website content on the Internet when the user types in key words or phrases

Second Generation
Term which describes an improved product, service, etc

Secondary Action
A sympathy strike. Action which is taken by workers in one industry in support of striking workers in a separate but related industry

Secondary Boycott
An organised protest to prevent or persuade a company from doing business with another company which is involved in a dispute

Secondary Market
On the Stock Exchange, the purchasing of shares from another investor rather than from the issuing company

Secondary Research
Also called Desk Research. The collating and analysis of existing data which has already been collected for another purpose often by an outside source

Secretary
A person who works for another person , usually in an office, dealing with correspondence, filing, phone calls and other clerical duties

Securities and Exchange Commission
SEC. In the US, a government agency which is responsible for protecting investors against fraudulent and dishonest practices in the securities market

Securities and Futures Authority
SFA. Now part of the Financial Services Authority. In the UK, an organisation which regulates the trading in stocks and shares, bonds, etc., and protects investors against dishonest practices

Securities Market(s)
Exchange(s) where investments such a stocks and shares, etc., are traded. Traditionally and originally these exchanges were buildings containing traders and brokers, etc., whereas nowadays such trading is conducted virtually using modern communications and IT systems, usually online, so that markets and exchanges are virtual, i.e., existing mostly through connections between people and organizations and systems, rather than necessarily requiring a physical grouping in a building

Security Deposit
A sum a buyer pays, which is not usually refundable, to protect the seller if the buyer does not complete a transaction or if a rented item gets damaged

Security/Securities
The strict financial meaning of a security is a document that proves ownership of stocks, shares, bonds, etc., or other investments or financial derivatives. More loosely the term securities refers to investments generally, for example in the term 'securities market'

Seedcorn
Money or assets set aside by a business in order to generate more profit or benefit in the future

Seigniorage
Profit made by a government from printing and minting banknotes and coins. The profit being the difference between the cost of issuing the money and the face value of the money

Selective Attention
Term which applies to consumers who only notice, or are aware of, certain pieces of information in advertisements, etc., because that is the only part in which the consumer is interested

Self-Actualization
Term introduced by Kurt Goldstein in 1934, describing the need to realise one's full potential, being a basic life force, and later re-interpreted and popularised by Abraham Maslow as the highest order of needs in his Hierarchy of Needs theory.

Self-Supporting
Financially independent. Being able to operate without the help of others

Sell Limit Order
An order to a stock broker to sell a specific number of shares at or above a specified price

Seller's Market
A situation in which there are more buyers than sellers, often resulting in high prices