Recovery Rate

The recovery rate is the percentage of a defaulted loan or bond’s face value that creditors ultimately recover. It is usually quoted as a…

Recourse Loan

A recourse loan is a secured debt in which the lender has legal rights to pursue the borrower for the full unpaid balance if…

Account Reconciliation

• Account reconciliation is the process of comparing two sets of financial records (typically a company’s ledger and an external statement such as a…

Recharacterization

Key points (quick overview) – Recharacterization lets you treat an IRA contribution you made to one type of IRA (Roth or traditional) as if…

Recessionary Gap

Key idea in one sentence – A recessionary gap exists when an economy’s actual real GDP is below its potential (full‑employment) GDP — i.e.,…

Receivership

A receivership is a remedial process in which an independent third party—the receiver—is appointed to take control of, preserve, manage, and: if required, sell…

Receipt

A receipt is a written or electronic acknowledgment that something of value—money, goods, or services—has been transferred from one party to another. Receipts provide…

Recapitalization

Recapitalization is the strategic restructuring of a company’s capital mix — changing the balance between debt and equity — to stabilize the balance sheet,…

Real Time

Key takeaways – “Real time” means information is delivered with near-zero delay relative to when the underlying market event occurred. In practice for market…

Realtor

• A Realtor is a licensed real estate professional who is a member in good standing of the National Association of Realtors (NAR) and…