Reaffirmation
What is 'Reaffirmation' An agreement made between a debtor and a creditor to repay some or all of a debt. Reaffirmations are made on a purely voluntary basis by the debtor. The bankruptcy code stipulates that the debtor's attorney must file a statement with the court affirming that he or she can repay the debt without incurring...
Rate-Improvement Mortgage
What is a Rate-Improvement Mortgage A rate-improvement mortgage is a type of home loan that offers a lower interest rate than the standard fixed-rate mortgage. The monthly payments are usually higher, but the overall cost of the loan is typically lower. This can be an attractive option for borrowers who expect their income to increase in the future and who...
Real-Time Quote
What is 'Real-Time Quote' This is the actual price of a security at that moment in time. Most prices of securities that are displayed on various websites are delayed quotes. These quotes are usually delayed from 15 to 20 minutes. Real-time quotes are instantaneous with no delay. Explaining 'Real-Time Quote' A basic quote on...
Roth IRA
Roth IRA can be defined as a tax advantage retirement account. It is offered by the U.S. government. This account includes stocks, bonds, Certificate of Deposits, mutual funds and other investments. Although this account is similar to the standard IRA account, the qualified distributions under the Roth IRA account are free of tax. And so, contributions are also non-tax...
Resistance
Stock prices and index levels are constantly graphed on charts to get a sense of the highs, and the lows, as well as the emerging trends to assist the investors in making future decisions. Two of these points are of great interest to investors. Informally, these can be described as the highs and the lows but, more formally, they...
Rain Check
What is a rain check and how can it be used A rain check is a document that allows the bearer to purchase an item at a later date, typically at the same price. Rain checks are most often used when an item is out of stock, but they can also be used for clearance items or items on sale....
Razor-Razorblade Model
What is the 'Razor-Razorblade Model' The razor-razorblade model is a business tactic involving the sale of dependent goods for different prices - one good is sold at a discount, while the second dependent good is sold at a considerably higher price. Explaining 'Razor-Razorblade Model' If you've ever purchased razors and their replacement blades, you...
Ras Al Khaimah Investment Authority (RAKIA)
What is 'Ras Al Khaimah Investment Authority - RAKIA' An organization established under a 2005 decree issued by the ruler of Ras Al Khaimah in United Arab Emirates (UAE). RAKIA's vision is to become the leading authority in making sound investments in Ras Al Khaimah and partner with other parties who share this vision in order to...
Ramani Ayer
DefinitionRamani Ayer is an Indian-American business executive, and the CEO and chairman of The Hartford from 1997 to 2009. Ramani Ayer What is 'Ramani Ayer' A former president and CEO of Hartford Financial Services. Ayer was born in 1947 in India and immigrated to the United States in 1969 to attend Drexel University, where he earned a...
Saucer
DefinitionA saucer is a type of small dishware. While in the Middle Ages a saucer was used for serving condiments and sauces, currently the term is used to denote a small plate or shallow bowl that supports a cup – usually one used to serve coffee or tea. The center of the saucer often contains a depression sized to...