What Is a Reservation Of Rights Letter? A reservation of rights letter is provided by an insurance company to an insured party indicating that a claim may not be covered under a policy. Reservation of rights letters do not deny a claim. However, the letter indicates that the insurer is investigating the claim and reserves
What Is the Reserve Bank of Australia (RBA)? The Reserve Bank of Australia (RBA) is the central bank of Australia. The bank sets the country’s monetary policy and issues and manages the Australian dollar. The RBA is involved in banking and registry services for federal agencies and some international central banks. The bank, entirely owned by the Australian government, was established
What is the Reserve Bank of New Zealand? The Reserve Bank of New Zealand is the name of the central bank of New Zealand. Its primary purpose is to maintain the stability of New Zealand’s financial system. Adrian Orr is the current Governor of New Zealand’s Reserve Bank. Key Takeaways The Reserve Bank of New
What Is Remuneration? Remuneration is the total compensation received by an employee. It includes not only base salary but any bonuses, commission payments, overtime pay, or other financial benefits that an employee receives from an employer. A job perk may or may not be a component of employee remuneration. An on-site gym or a generous vacation plan
What Is a Renewable Resource? A renewable resource is a resource that can be replenished naturally over time. As a result, it is sustainable despite its consumption by humankind. Renewable resources are considered especially important for their potential to replace non-renewable, or finite, resources in the production of energy. Additionally, renewable resources can offer cleaner
What is a Renko Chart? A Renko chart is a type of chart, developed by the Japanese, that is built using price movement rather than both price and standardized time intervals like most charts are. It is thought to be named after the Japanese word for bricks, “renga,” since the chart looks like a series of
A renounceable right is an offer issued by a corporation to shareholders to purchase more shares of the corporation’s stock, usually at a discount. This offer usually coincides with the company’s decision to issue a new round of stock, which would dilute the shareholders’ equity in the company. The renounceable right compensates the shareholders for
What Is a Rent-a-Crowd? A rent-a-crowd is a group of people hired to make a business, rally, protest, or other public event appear busy, popular, and well-supported. Rent-a-crowds are sometimes employed at the grand opening of a new business. Droves of interested-looking attendees can give the impression that the products or services the business provides are
What Is a Rent Ceiling? The term “rent ceiling” refers to the maximum amount of rent a landlord is allowed to charge a tenant. Rent ceilings are a form of rent control and are usually set by law, limiting how high the rent can go in a specified area at any given time. Limits are
What Is Rent Control? Rent control is a government program that places a limit on the amount that a landlord can demand for leasing a home or renewing a lease. Rent control laws are usually enacted by municipalities, and the details vary widely. All are intended to keep living costs affordable for lower-income residents. Rent
