Race Relations Act

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A British government Act, introduced in 1976, making it unlawful to discriminate against someone because of their colour, race, nationality or ethnic origin.

Race To The Bottom

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A phrase said to be coined by US Supreme Court Justice Louis Brandeis. A situation in which competition between nations could result in lower standards, cheaper wages, poorer working conditions, etc.

Rack Rate

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The full price of something before discounts have been offered, especially hotel rooms.

Racketeer

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A person who makes money through illegal business or crime, such as extortion, bribery, fraud, etc.

Raid

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On the Stock Exchange, a situation where an individual or company makes a hostile bid to take over another company by buying a controlling interest in the company’s shares.

Rainmaker

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An employee, often an executive, who brings a lot of business and income to a company.

Random Sample

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Often used in research, a method of sampling members of a large group, such as a population, in which everyone has an equal chance of being selected.

Rank And File

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The ordinary members of a group, such as enlisted troops in an army, or members of a union, who have no power.

Rat

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Slang term for an informer, or to inform, typically for personal gain. Rat is also a verb, meaning to inform or betray.

Rat Race

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The exhausting, competitive struggle and routine of working and living in a large town or city.