Restatement

A restatement is a formal revision and reissuance of one or more previously released financial statements to correct an error that is judged to…

Registered Education Savings Plan Resp

A Registered Education Savings Plan (RESP) is a tax-advantaged account available in Canada to save for a beneficiary’s post‑secondary education. Contributions grow tax‑deferred; the…

Resource Curse

The “resource curse” (also called the paradox of plenty or resource trap) describes the counterintuitive pattern in which countries that are richly endowed with…

Resolution Trust Corporation Rtc

Summary – The Resolution Trust Corporation (RTC) was a temporary U.S. federal agency (1989–1995) created to resolve the savings-and-loan (S&L) crisis by taking control…

Residual Income

Residual income is income that continues to flow after the initial work, effort, or capital investment is completed. Common sources include dividends, rental income,…

Residual Standard Deviation

Residual standard deviation (also called the standard error of the estimate, the standard error of the regression, or simply the residual standard error) measures…

Residual Dividend

Summary A residual dividend policy is a method for deciding dividends in which a company pays shareholders from earnings left over after it has…

Resident Alien

• A resident alien is a foreign-born person legally residing in the U.S. who is not a U.S. citizen. For tax purposes, this generally…

Reserve Ratio

The reserve ratio (also called the cash reserve ratio or reserve requirement) is the percentage of a bank’s reservable liabilities (mainly deposits) that a…

Reserve Fund

A reserve fund is a pool of money—usually held in a liquid, interest-bearing account or other low-risk investments—set aside to pay for future costs…