Terms used in business such as Requisition,Reservation Price,Reseller,Resource Allocation , Resume,Retail Price Index etc.


The terms used in business such as Requisition,Reservation Price,Reseller,Resource Allocation , Resume,Retail Price Index etc.



This post explains about terms used in business such as Requisition,Reservation Price,Reseller,Resource Allocation,Residual Value,RESP ORG,Restrictive Practice, Resume,Retail Price Index etc. These terms used in international business are arranged in alphabetical order and you may add more information about terms used in export business at the end of this article, if you wish.


The terms used in business


Repudiate - Refusal to perform a contractual duty or repay a debt.


Repudiation - can refer to either where a party refuses to comply with a contract and this amounts to a breach of contract OR where a contract was made by a minor (a person under the age of 18) who then repudiates it at or shortly after the age of 18. In this instance the repudiation voids the contract rather than causing a breach of contract.


Request for applications for a multi-use list (MUL):A published notice inviting businesses to apply for inclusion on an MUL. The notice must be published on the relevant government tender website either continuously or at least once per year.


Request for information:An invitation to businesses to provide certain requested information. Such information is usually requested by a government agency as part of a market research process and to better inform a subsequent approach to the market. A government agency may use the information provided as a basis for conducting a future limited or selective offer process. Providing information also does not guarantee that you will be invited for a future approach to market, or that procurement will ultimately proceed.

The terms used in  business such as Requisition,Reservation Price,Reseller,Resource Allocation , Resume,Retail Price Index etc

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.


Research directory / Annuaire de recherche :Website that classifies the sites it selects by theme. Specialist companies analyze the content of the sites and create summaries for the orientation of visitors.


Reseller - A facilities-based or non-facilities-based Subscriber which utilizes Sprint's network services to extend its own communications services to Resale End Users, and presubscribed such Resale End Users to Sprint's Carrier Identification Code.


Reservation Price - The price below (above) which a seller (purchaser) is unwilling to go.


Reservations - Reserve / Réserves :With reference to documentary credit, a bank can decide to pay under reserve due to discrepentcies in the documents. For damage incurred during transport (visible or non-visible damage), the importer must issue a declaration called a "reserve". This document must be explicit and unambiguous and must be issued in written form within the seven days following the delivery.


Reserve capital:This is the uncalled capital or part thereof, which a company by a special resolution, has resolved to call up only in the event and for the purpose of the company being wound up. Such capital exists mainly for the protection of the company’s creditors.


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


Reserve Fund:A fund, which is created by the company out of its net profits to be utilized at the time of financial stringency is called a reserve fund.


Reserve Liability:This is the liability of the members of a company in respect of reserve capital (uncalled capital) of that company.


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.


resources: anything that is available to an organization to help it achieve its purpose.


RESP ORG (Responsible Organization) - The entity responsible for managing and administering customers' toll free records in the 800 Service Management System (SMS/800). The SMS/800 recognizes one Resp Org for each toll free number.


Respondent:It is a kind of a loan obtained by the captain of the ship in an emergency against the security of the cargo of the ship with a view to enabling the ship to reach its destination. The borrowed money is repayable to the lender a certain number days after the arrival of the ship at a particular port of destination. The document evidencing the loan money is called a respondent bond.


response marketing: in e-marketing, the process of managing responses or leads from the time they are received through to conversion to sale.


response rate: the proportion of subjects in a statistical study who respond to a researcher's questionnaire.


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 covenant - is often included in long-term contracts and contracts of employment to stop the parties working with competitors during the period of the agreement and for some time thereafter. However, unless carefully written the courts will see them as being a restraint of trade and will not enforce them.


Restrictive Endorsement - Endorsement transferring title or right to a named party.


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.


Resume - A written summary of a person's education, employment record, qualifications, etc., which is often submitted with a job application.


Retail / Au détail :The sale of goods to the general public, especially in shops.


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.


retail: Selling directly to the consumer.


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


retailing: Businesses and individuals engaged in the activity of selling products to final consumers.


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.


The above details describes about terms called in business such as Requisition, Reservation Price,Reseller,Resource Allocation,Residual Value,RESP ORG, Restrictive Practice, Resume,Retail Price Index etc. These phrases may help importers and exporters on their day to day business activities. The readers can also add more information about terms used in overseas trade below this post.Terms used in trade such as Registered Company, Registrar, Registration Statement ,Remunerate,Renewal Notice,Rental Fleet etc

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