Ratio – the proportional relationship of one thing to another.

Receipt – a written acknowledgement of having received payment and goods/services specified.

Receivership – the legal condition a company is placed in when an official receiver is appointed to investigate and manage its affairs.

Remuneration – payment or salary for work done or services rendered.

Residual – the pre-agreed estimated value at the end of a leasing period of an item subject to a leasing agreement.

Residual risk (AS/NZS 4360) (Risk Management) – the risk remaining after implementation of risk treatment.

Retail – to sell directly to the consumer, usually in small quantities in comparison with the total level of sales.

Return on investment– (ROI) the ratio of net profit after income tax, over owner’s equity. Usually expressed as a percentage.

Revenue – the total income earned by a business. Also referred to as sales or turnover.

Right of assignment – in relation to business premises, a right given in the lease agreement for a tenant to assign the lease to another tenant when the business is sold.

Risk (AS/NZS 4360) (Risk Management) – the chance of something happening that will have an impact on objectives.

Risk analysis (AS/NZS 4360) (Risk Management) – a systematic process to understand the nature of risk and to deduce the level of risk.

Risk assessment (AS/NZS 4360) (Risk Management) – the overall process of risk identification, risk analysis and risk evaluation.

Risk avoidance (AS/NZS 4360) (Risk Management) – a decision not to become involved in, or to withdraw from, a risk situation.

Risk criteria (AS/NZS 4360) (Risk Management) – terms of reference by which the significance of risk is assessed.

Risk evaluation (AS/NZS 4360) (Risk Management) – the process of comparing the level of risk against risk criteria.

Risk identification (AS/NZS 4360) (Risk Management) – the process of determining what, where, when, why and how something might happen.

Risk management (AS/NZS 4360) – the culture, processes and structures that are directed towards realising potential opportunities whilst managing adverse effects.

Risk management process (AS/NZS 4360) – the systematic application of management policies, procedures and practices to the tasks of communication, establishing the context, identifying, analysing, evaluating, treating, monitoring and reviewing risk.

Risk reduction (AS/NZS 4360) (Risk Management) – actions taken to lessen the likelihood, negative consequences, or both, associated with a risk.

Risk sharing (AS/NZS 4360) (Risk Management) – sharing with another party the burden of loss or benefit of gain from a particular risk.

Risk treatment (AS/NZS 4360) (Risk Management) – the process of selection and implementation of measures to modify risk.

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