Recorded Delivery

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A postal system for which an extra fee is charged in addition to postage. The sender is given a receipt at the time of posting and the recipient signs a form to confirm delivery.

Recruit

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To seek employees for a business or organisation. To enlist military personnel.

Redundancy

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A situation in which an employer intends to cease business, so therefore the workforce lose their jobs, or an employee is made redundant because their job no longer exists in the company they work for. Employees in these situations often qualify for redundancy pay.

Reference

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A letter/statement written about a person by someone who knows them, detailing their abilities, character, qualifications, etc., which is sent to a prospective employer.

Reference Pricing

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Company advertises or sells a product (or less commonly a service) at a discounted price compared to a (typically unfeasibly high) previous selling price, commonly described by the seller as the ‘usual’ or ‘normal’ price (the ‘reference price’). –

Registered Company

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In the US, a company which has filed an SEC (Securities and Exchange Commission) registration, and may issue new shares. In the UK, a company which is listed on the Companies Register as a limited private company, a public limited company, or an unlimited company.

Registered Trademark

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A distinctive symbol, name, etc., on a product or company, which is registered and protected by law so it cannot legally be used by anyone else.

Registration Statement

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In the US, a legal document containing details about a company’s activities, financial status, etc., which must be submitted to the SEC (Securities and Exchange Commission) before the company can issue shares.

Reinsurance

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The practice of sharing insurance risk among several insurance companies, in case of major disasters such as floods, hurricanes, etc.