Research and development activities - e.g. the activities leading to innovation and gradual improvement of products and services.
Rating Agency
An agency defining the credit rating of an economic entity, such as companies, countries, but also individual pieces of debt, such as asset backed securities.
Real Estate
Assets related to land and buildings.
defined by most economists as the contraction of an economy for more than two consecutive quarters, measured as a reduction of gross domestic product.
Reserve Currency
A currency used not only to pay for goods and services but also to put savings in. Typical reserve currencies are the U.S. dollar, the Euro and partially Swiss Franc and Yen. Prior to the Euro introduction, the German Mark had the role of reserve currency for a significant portion of Eastern Europe.
The money and accounts receivables generated by companies for goods and services sold.
Royal Institution of Chartered Surveyors
Royal Institution of Chartered Surveyors