Recessionista Definition

Recessionista Definition

What Is a Recessionista? A recessionista is a person who can shop on a limited budget and still manage to be up-to-date on the most current fashions. In other words, times of economic hardship do not prevent them from remaining stylish. A recessionista does not let a bad economy, a bear market, or high inflation

Recession Proof Definition

Recession Proof Definition

What Is Recession Proof? Recession proof is a term used to describe an asset, company, industry or other entity that is believed to be economically resistant to the effects of a recession. Recession-proof stocks are added to investment portfolios to safeguard them against times of economic decline, which may be the onset of a recession.

Recession Resistant Definition

Recession Resistant Definition

What Does Recession Resistant Mean? An entity that is not significantly affected by recessions is considered recession resistant. Recession resistance can apply to products, companies, jobs, or even entire industries. For example, products such as gasoline or basic food items may be considered recession resistant because people will continue to consume them regardless of an

What it is and How it Works

What it is and How it Works

What Is Recharacterization? Recharacterization refers to two separate individual retirement account (IRA) strategies: A contribution to an IRA can be recharacterized as a contribution to a different IRA. This strategy is currently permissible, and you can recharacterize your Roth IRA contribution into a traditional IRA contribution and vice versa, though specific deadlines apply. A Roth

Definition, How It Works, Example

Definition, How It Works, Example

What Is a Reciprocal Insurance Exchange? Reciprocal insurance exchanges are a form of insurance organization in which individuals and businesses exchange insurance contracts and spread the risks associated with those contracts among themselves. Policyholders of a reciprocal insurance exchange are referred to as subscribers. Key Takeaways A reciprocal insurance exchange is a type of organization where individuals

Reclamation Definition

Reclamation Definition

What Is Reclamation? Reclamation is the process of demanding the return of property to a former owner in the event of dormancy, non-payment, fraud, or some other irregularity. Reclamation may be sought in a number of contexts: In the financial markets, a trader may demand reclamation, or repayment, for stocks or other securities purchased, due

Reclassification

Reclassification

What Is Reclassification? Reclassification is most commonly known as the process of changing a share class issued by mutual funds. This can occur when certain requirements have been met, or else it may be caused by changes made by the mutual fund company. In most cases reclassification is not considered to be a taxable event.

Recompense

Recompense

What Is Recompense? Recompense is the act of awarding a target person, group or entity some form of monetary benefit as a result of the target performing some action, or as the result of some action that has happened to the target. Recompense is one of the main tenets of capitalism, as people perform a task

Reconciliation in Account Definition, Serve as, and Varieties

Reconciliation in Account Definition, Serve as, and Varieties

What Is Reconciliation? Reconciliation is an accounting process that compares two sets of records to check that figures are correct and in agreement. Reconciliation also confirms that accounts in the general ledger are consistent, accurate, and complete. However, reconciliation can also be used for personal purposes in addition to business purposes. Account reconciliation is particularly