Browse the glossary by topic or alphabetically.

R

Real property
Real estate property, including buildings and land, as opposed to personal property
Recession
Falling of business activity
Recurring debt
Any payment that occurs on a continuing basis; involves payments that cannot be easily canceled at the payer's request, including alimony or child support and loan payments; is important in a lender's consideration of how much credit one can obtain
Refinancing
Revising a payment schedule, usually to reduce monthly payments (i.e. reducing interest rate on a mortgage)
Regulation
Formulation and issuance by authorized agencies of specific rules or regulations, under governing law, for the conduct and structure of a certain industry or activity
Request for proposal (RFP)
Solicitation of proposals by the government for product(s) or service(s) it needs from prospective contractors; includes request for description of how the business provider intends to carry out that request and at what price
Rèsumè
Written document that lists one's work experience, skills and educational background; used as a marketing tool for job seekers
Return
Profit earned on an interest bearing account, expressed as an annual percentage yield
Revenue
Amount of money that a company actually receives during a specific period, including discounts and deductions for returned merchandise; the top line or gross income figure from which costs are subtracted to determine net income
Reverse mortgage
A special type of home equity loan for persons 62 and older; allows owners to convert some of the equity in their homes to cash; does not usually have to be repaid during the homeowner's lifetime; loan advances are not taxable and do not affect the homeowner's Social Security or Medicare benefits
Revolving credit
A bank line of credit on which the customer pays a commitment fee and can use funds when they are needed; normally the line involves a firm commitment from the bank for a period of several years
Rollover
Reinvesting funds from a mature security into a new issue of the same or a similar security; or transferring the holdings of one retirement plan to another without suffering tax consequences
Roth IRA
Individual retirement plan that allows taxpayers, subject to certain income limits, to save for retirement while allowing the savings to grow tax-free; taxes are paid on contributions, but withdrawals, subject to certain rules, are not taxed at all
Routing number
First nine numbers that appear at the bottom of a check to identify the financial institution from which funds may be drawn