::Glossary (R)::

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Registered Name The legal name of a Limited Company as registered at CRO. (This may not be the name by which a company is known or under which it trades - see Trading Style).

Reservation of Title A clause in the contract of sale under which the seller retains title to the goods until final payment is made.

Retained Deposit Premium deposits which are not returned to the Insured should it fail to meet the estimated turnover for that year.

Retained Earnings Also known as P&L account or Revenue Reserves, they represent the accumulative net income not to be paid out as dividends etc., from previous finanical years, and is not transferred to the other Reserves and carried forward to the Balance Sheet.

Revalution Reserve Amount arising from the appreciated value of property; the difference between the former book value of the property on the Balance Sheet and present (revalued) book value of the property.

Reverse No Claims Bonus The percentage by which the premium rate on a policy increases if that Insured takes a payment of a claim relating to that policy period.

Risk Attaching Cover only applying to risk attaching during the policy period.